PowerShares Water Resource Portfolio (PHO) 11/18/09 PriceWatch Alert Targets 11.67% Return
Posted: Wednesday, November 18, 2009 8:47 AM EDT
By: Market Intelligence Center Staff
PowerShares Water Resource Portfolio (PCX: PHO) closed yesterday at $16.73. So far PHO has hit a 52-week low of $10.10 and 52-week high of $17.52. PHO has been showing support around 16.56 and resistance in the 16.88 range. Technical indicators are Bullish. PHO appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 16 covered call (PHO FP) for a net debit in the $14.98 area. That is also the break even stock price for this trade. This covered call has a 213 day duration, provides 10.46% downside protection and a 6.81% assigned return rate for an 11.67% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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