iShares S&P MidCap 400 Index Fund (IJH) PriceWatch Alert for November 18, 2009
Posted: Wednesday, November 18, 2009 8:44 AM EDT
By: Market Intelligence Center Staff
iShares S&P MidCap 400 Index Fund (PCX: IJH) closed yesterday at $70.94. So far IJH has hit a 52-week low of $39.80 and 52-week high of $71.72. IJH has been showing support around 70.26 and resistance in the 71.36 range. Technical indicators are Bullish. IJH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 70 covered call (IAJ AR) for a net debit in the $68.04 area. That is also the break even stock price for this trade. This covered call has a 59 day duration, provides 4.09% downside protection and a 2.88% assigned return rate for a 17.82% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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