Software HOLDRS (SWH) 11/19/09 PriceWatch Alert Support At Around $41.29
Posted: Thursday, November 19, 2009 8:17 AM EDT
By: Market Intelligence Center Staff
Software HOLDRS (AMEX: SWH) closed yesterday at $41.58. So far SWH has hit a 52-week low of $25.15 and 52-week high of $41.59. SWH has been showing support around 41.29 and resistance in the 41.73 range. Technical indicators are Bullish. SWH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 40 covered call (SWH BH) for a net debit in the $39.08 area. That is also the break even stock price for this trade. This covered call has a 93 day duration, provides 6.01% downside protection and a 2.35% assigned return rate for a 9.24% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
CLICK HERE: FREE Software Holdrs Trust (SWH) Stock ReportSee what our analysts have uncovered about Software Holdrs Trust (SWH).