PowerShares DB Silver Fund (DBS) 11/18/09 PriceWatch Alert Support At Around $32.38
Posted: Wednesday, November 18, 2009 8:22 AM EDT
By: Market Intelligence Center Staff
PowerShares DB Silver Fund (PCX: DBS) closed yesterday at $32.95. So far DBS has hit a 52-week low of $14.81 and 52-week high of $32.97. DBS has been showing support around 32.38 and resistance in the 33.24 range. Technical indicators are Bullish. DBS appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 32 covered call (DBS AF) for a net debit in the $30.85 area. That is also the break even stock price for this trade. This covered call has a 59 day duration, provides 6.37% downside protection and a 3.73% assigned return rate for a 23.06% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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