Ultra Technology ProShares (ROM) 11/19/09 PriceWatch Alert Support At Around $48.27
Posted: Thursday, November 19, 2009 8:21 AM EDT
By: Market Intelligence Center Staff
Ultra Technology ProShares (PCX: ROM) closed yesterday at $49.30. So far ROM has hit a 52-week low of $15.64 and 52-week high of $49.87. ROM has been showing support around 48.27 and resistance in the 50.27 range. Technical indicators are Bullish. ROM appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a May '10 45 covered call (ROM EI) for a net debit in the $41.30 area. That is also the break even stock price for this trade. This covered call has an 184 day duration, provides 16.23% downside protection and an 8.96% assigned return rate for a 17.77% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
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