Short Dow30 ProShares (DOG) 11/19/09 PriceWatch Alert Support Down To $52.36
Posted: Thursday, November 19, 2009 8:05 AM EDT
By: Market Intelligence Center Staff
Short Dow30 ProShares (PCX: DOG) closed yesterday at $52.61. So far DOG has hit a 52-week low of $52.57 and 52-week high of $93.13. DOG has been showing support around 52.36 and resistance in the 53.06 range. Technical indicators are Bearish. DOG appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 52 covered call (DOG BX) for a net debit in the $50.56 area. That is also the break even stock price for this trade. This covered call has a 93 day duration, provides 3.90% downside protection and a 2.85% assigned return rate for an 11.18% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
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