PowerShares DB Gold Fund (DGL) 11/19/09 PriceWatch Alert Targets 2.80% Downside Protection
Posted: Thursday, November 19, 2009 8:33 AM EDT
By: Market Intelligence Center Staff
PowerShares DB Gold Fund (PCX: DGL) closed yesterday at $41.12. So far DGL has hit a 52-week low of $27.07 and 52-week high of $41.39. DGL has been showing support around 40.77 and resistance in the 41.57 range. Technical indicators are Bullish. DGL appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 41 covered call (DGL AO) for a net debit in the $39.97 area. That is also the break even stock price for this trade. This covered call has a 58 day duration, provides 2.80% downside protection and a 2.58% assigned return rate for a 16.22% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
CLICK HERE: FREE (DGL) Stock ReportSee what our analysts have uncovered about (DGL).