iShares Russell Midcap Index Fund (IWR) 11/18/09 PriceWatch Alert Bullish Price Movement
Posted: Wednesday, November 18, 2009 8:38 AM EDT
By: Market Intelligence Center Staff
iShares Russell Midcap Index Fund (PCX: IWR) closed yesterday at $80.58. So far IWR has hit a 52-week low of $44.65 and 52-week high of $81.53. IWR has been showing support around 79.67 and resistance in the 81.13 range. Technical indicators are Bullish. IWR appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 80 covered call (IWR BP) for a net debit in the $76.88 area. That is also the break even stock price for this trade. This covered call has a 94 day duration, provides 4.59% downside protection and a 4.06% assigned return rate for a 15.76% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
CLICK HERE: FREE (IWR) Stock ReportSee what our analysts have uncovered about (IWR).