Ultra Dow30 ProShares (DDM) 11/19/09 PriceWatch Alert Shows Bullish Technicals
Posted: Thursday, November 19, 2009 8:16 AM EDT
By: Market Intelligence Center Staff
Ultra Dow30 ProShares (PCX: DDM) closed yesterday at $43.78. So far DDM has hit a 52-week low of $17.21 and 52-week high of $43.87. DDM has been showing support around 43.03 and resistance in the 44.21 range. Technical indicators are Bullish. DDM appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 43 covered call (HXD AQ) for a net debit in the $41.18 area. That is also the break even stock price for this trade. This covered call has a 58 day duration, provides 5.94% downside protection and a 4.42% assigned return rate for a 27.81% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
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