PowerShares Golden Dragon Halter USX China Portfolio (PGJ) 11/18/09 PriceWatch Alert With $22.91 Break Even
Posted: Wednesday, November 18, 2009 8:43 AM EDT
By: Market Intelligence Center Staff
PowerShares Golden Dragon Halter USX China Portfolio (PCX: PGJ) closed yesterday at $24.81. So far PGJ has hit a 52-week low of $10.91 and 52-week high of $24.81. PGJ has been showing support around 24.40 and resistance in the 25.02 range. Technical indicators are Bullish. PGJ appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 24 covered call (PGJ CX) for a net debit in the $22.91 area. That is also the break even stock price for this trade. This covered call has a 122 day duration, provides 7.66% downside protection and a 4.76% assigned return rate for a 14.23% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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