PowerShares Golden Dragon Halter USX China Portfolio (PGJ) PriceWatch Alert for November 19, 2009
Posted: Thursday, November 19, 2009 8:04 AM EDT
By: Market Intelligence Center Staff
PowerShares Golden Dragon Halter USX China Portfolio (PCX: PGJ) closed yesterday at $24.63. So far PGJ has hit a 52-week low of $10.91 and 52-week high of $24.85. PGJ has been showing support around 24.27 and resistance in the 25.03 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 $22.83 area. That is also the break even stock price for this trade. This covered call has a 121 day duration, provides 7.31% downside protection and a 5.12% assigned return rate for a 15.46% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
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