KBW Capital Markets ETF (KCE) 11/17/09 PriceWatch Alert Technicals Showing Bullish
Posted: Tuesday, November 17, 2009 8:23 AM EDT
By: Market Intelligence Center Staff
KBW Capital Markets ETF (PCX: KCE) closed yesterday at $38.01. So far KCE has hit a 52-week low of $17.92 and 52-week high of $43.27. KCE has been showing support around 37.60 and resistance in the 38.56 range. Technical indicators are Bullish. KCE appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 38 covered call (KCE CL) for a net debit in the $36.16 area. That is also the break even stock price for this trade. This covered call has a 123 day duration, provides 4.87% downside protection and a 5.09% assigned return rate for a 15.10% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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