iShares Russell Midcap Index Fund (IWR) 11/17/09 PriceWatch Alert At $76.82 Break Even
Posted: Tuesday, November 17, 2009 8:15 AM EDT
By: Market Intelligence Center Staff
iShares Russell Midcap Index Fund (PCX: IWR) closed yesterday at $80.72. So far IWR has hit a 52-week low of $44.65 and 52-week high of $81.53. IWR has been showing support around 79.34 and resistance in the 81.78 range. Technical indicators are Bullish. IWR appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 80 covered call (IWR BP) for a net debit in the $76.82 area. That is also the break even stock price for this trade. This covered call has a 95 day duration, provides 4.83% downside protection and a 4.14% assigned return rate for a 15.90% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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