iShares Russell Microcap Index (IWC) 11/18/09 PriceWatch Alert Targets 8.75% Return
Posted: Wednesday, November 18, 2009 8:30 AM EDT
By: Market Intelligence Center Staff
iShares Russell Microcap Index (PCX: IWC) closed yesterday at $37.70. So far IWC has hit a 52-week low of $21.46 and 52-week high of $40.88. IWC has been showing support around 37.11 and resistance in the 38.03 range. Technical indicators are Bullish. IWC appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 35 covered call (IWG FI) for a net debit in the $33.30 area. That is also the break even stock price for this trade. This covered call has a 213 day duration, provides 11.67% downside protection and a 5.11% assigned return rate for an 8.75% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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