PowerShares Water Resource Portfolio (PHO) 11/19/09 PriceWatch Alert At $14.98 Break Even

Posted: Thursday, November 19, 2009 8:30 AM EDT

PowerShares Water Resource Portfolio (PCX: PHO) closed yesterday at $16.63. 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 16.50 and resistance in the 16.82 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 212 day duration, provides 9.92% downside protection and a 6.81% assigned return rate for an 11.72% annualized return rate (comparison purposes only). [THA-Seven Summits Research]

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