KBW Capital Markets ETF (KCE) 11/18/09 PriceWatch Alert Support Down To $37.71
Posted: Wednesday, November 18, 2009 8:06 AM EDT
By: Market Intelligence Center Staff
KBW Capital Markets ETF (PCX: KCE) closed yesterday at $38.06. So far KCE has hit a 52-week low of $17.92 and 52-week high of $43.27. KCE has been showing support around 37.71 and resistance in the 38.35 range. Technical indicators are Bullish. KCE appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 38 covered call (KCE CL) for a net debit in the $35.61 area. That is also the break even stock price for this trade. This covered call has a 122 day duration, provides 6.44% downside protection and a 6.71% assigned return rate for a 20.08% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
CLICK HERE: FREE (KCE) Stock ReportSee what our analysts have uncovered about (KCE).