KBW Bank ETF (KBE) 11/18/09 PriceWatch Alert Technicals Showing Bullish
Posted: Wednesday, November 18, 2009 8:06 AM EDT
By: Market Intelligence Center Staff
KBW Bank ETF (PCX: KBE) closed yesterday at $21.89. So far KBE has hit a 52-week low of $8.90 and 52-week high of $25.06. KBE has been showing support around 21.38 and resistance in the 22.18 range. Technical indicators are Bullish. KBE appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 21 covered call (KEJ CU) for a net debit in the $19.64 area. That is also the break even stock price for this trade. This covered call has a 122 day duration, provides 10.28% downside protection and a 6.92% assigned return rate for a 20.72% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
CLICK HERE: FREE (KBE) Stock ReportSee what our analysts have uncovered about (KBE).