iShares Russell Microcap Index (IWC) 11/19/09 PriceWatch Alert Support Down To $37.13
Posted: Thursday, November 19, 2009 8:16 AM EDT
By: Market Intelligence Center Staff
iShares Russell Microcap Index (PCX: IWC) closed yesterday at $37.63. So far IWC has hit a 52-week low of $21.46 and 52-week high of $40.88. IWC has been showing support around 37.13 and resistance in the 37.95 range. Technical indicators are Bullish. IWC appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 35 covered call (IWG CI) for a net debit in the $33.93 area. That is also the break even stock price for this trade. This covered call has a 121 day duration, provides 9.83% downside protection and a 3.15% assigned return rate for a 9.51% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
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