iShares S&P 500 Growth Index Fund (IVW) 11/18/09 PriceWatch Alert With Support Around $57.29
Posted: Wednesday, November 18, 2009 8:16 AM EDT
By: Market Intelligence Center Staff
iShares S&P 500 Growth Index Fund (PCX: IVW) closed yesterday at $57.86. So far IVW has hit a 52-week low of $36.02 and 52-week high of $57.96. IVW has been showing support around 57.29 and resistance in the 58.15 range. Technical indicators are Bullish. IVW appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 59 covered call (IVW FG) for a net debit in the $54.86 area. That is also the break even stock price for this trade. This covered call has a 213 day duration, provides 5.18% downside protection and a 7.55% assigned return rate for a 12.93% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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