PowerShares DB Base Metals Fund (DBB) 11/18/09 PriceWatch Alert Up To 17.06% Return
Posted: Wednesday, November 18, 2009 8:30 AM EDT
By: Market Intelligence Center Staff
PowerShares DB Base Metals Fund (PCX: DBB) closed yesterday at $20.74. So far DBB has hit a 52-week low of $10.90 and 52-week high of $20.88. DBB has been showing support around 20.53 and resistance in the 20.85 range. Technical indicators are Bullish. DBB appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 20 covered call (DBB DT) for a net debit in the $18.69 area. That is also the break even stock price for this trade. This covered call has a 150 day duration, provides 9.88% downside protection and a 7.01% assigned return rate for a 17.06% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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