Short Dow30 ProShares (DOG) 11/18/09 PriceWatch Alert With Support Around $52.31
Posted: Wednesday, November 18, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
Short Dow30 ProShares (PCX: DOG) closed yesterday at $52.58. So far DOG has hit a 52-week low of $52.57 and 52-week high of $93.13. DOG has been showing support around 52.31 and resistance in the 53.09 range. Technical indicators are Bearish. DOG appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 52 covered call (DOG BX) for a net debit in the $50.58 area. That is also the break even stock price for this trade. This covered call has a 94 day duration, provides 3.80% downside protection and a 2.81% assigned return rate for a 10.90% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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