iShares S&P Latin America 40 Index (ILF) 11/18/09 PriceWatch Alert With Support Around $47.04
Posted: Wednesday, November 18, 2009 8:15 AM EDT
By: Market Intelligence Center Staff
iShares S&P Latin America 40 Index (PCX: ILF) closed yesterday at $48.64. So far ILF has hit a 52-week low of $19.64 and 52-week high of $48.66. ILF has been showing support around 47.04 and resistance in the 49.46 range. Technical indicators are Bullish. ILF appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 48 covered call (IOK CV) for a net debit in the $44.94 area. That is also the break even stock price for this trade. This covered call has a 122 day duration, provides 7.61% downside protection and a 6.81% assigned return rate for a 20.37% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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