iShares MSCI Hong Kong Index Fund (EWH) 11/17/09 PriceWatch Alert Technicals Showing Bullish
Posted: Tuesday, November 17, 2009 8:33 AM EDT
By: Market Intelligence Center Staff
iShares MSCI Hong Kong Index Fund (PCX: EWH) closed yesterday at $16.32. So far EWH has hit a 52-week low of $8.36 and 52-week high of $16.56. EWH has been showing support around 16.14 and resistance in the 16.48 range. Technical indicators are Bullish. EWH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 16 covered call (EWH FP) for a net debit in the $14.97 area. That is also the break even stock price for this trade. This covered call has a 214 day duration, provides 8.27% downside protection and a 6.88% assigned return rate for an 11.74% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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