iShares MSCI Hong Kong Index Fund (EWH) 11/18/09 PriceWatch Alert Targets 12.40% Return
Posted: Wednesday, November 18, 2009 8:39 AM EDT
By: Market Intelligence Center Staff
iShares MSCI Hong Kong Index Fund (PCX: EWH) closed yesterday at $16.22. So far EWH has hit a 52-week low of $8.36 and 52-week high of $16.56. EWH has been showing support around 16.03 and resistance in the 16.35 range. Technical indicators are Bullish. EWH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 16 covered call (EWH FP) for a net debit in the $14.92 area. That is also the break even stock price for this trade. This covered call has a 213 day duration, provides 8.01% downside protection and a 7.24% assigned return rate for a 12.40% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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