PowerShares DB Silver Fund (DBS) 11/19/09 PriceWatch Alert With Support Around $32.42
Posted: Thursday, November 19, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
PowerShares DB Silver Fund (PCX: DBS) closed yesterday at $33.13. So far DBS has hit a 52-week low of $14.81 and 52-week high of $33.60. DBS has been showing support around 32.42 and resistance in the 33.96 range. Technical indicators are Bullish. DBS appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 32 covered call (DBS AF) for a net debit in the $31.03 area. That is also the break even stock price for this trade. This covered call has a 58 day duration, provides 6.34% downside protection and a 3.13% assigned return rate for a 19.67% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
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