iShares S&P Latin America 40 Index (ILF) 11/17/09 PriceWatch Alert Bullish Price Movement

Posted: Tuesday, November 17, 2009 8:04 AM EDT

iShares S&P Latin America 40 Index (PCX: ILF) closed yesterday at $48.20. So far ILF has hit a 52-week low of $19.64 and 52-week high of $48.44. ILF has been showing support around 47.29 and resistance in the 48.89 range. Technical indicators are Bullish. ILF appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 48 covered call (IOK CV) for a net debit in the $44.40 area. That is also the break even stock price for this trade. This covered call has a 123 day duration, provides 7.88% downside protection and an 8.11% assigned return rate for a 24.06% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]

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