iShares S&P SmallCap 600 Index Fund (IJR) 11/18/09 PriceWatch Alert At $49.68 Break Even
Posted: Wednesday, November 18, 2009 8:24 AM EDT
By: Market Intelligence Center Staff
iShares S&P SmallCap 600 Index Fund (PCX: IJR) closed yesterday at $52.63. So far IJR has hit a 52-week low of $29.92 and 52-week high of $54.56. IJR has been showing support around 51.94 and resistance in the 53.16 range. Technical indicators are Bullish. IJR 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 (IJO BZ) for a net debit in the $49.68 area. That is also the break even stock price for this trade. This covered call has a 94 day duration, provides 5.61% downside protection and a 4.67% assigned return rate for an 18.13% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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