iShares S&P SmallCap 600 Value Index Fund (IJS) 11/19/09 PriceWatch Alert Support At Around $55.30
Posted: Thursday, November 19, 2009 8:09 AM EDT
By: Market Intelligence Center Staff
iShares S&P SmallCap 600 Value Index Fund (PCX: IJS) closed yesterday at $56.18. So far IJS has hit a 52-week low of $31.76 and 52-week high of $58.62. IJS has been showing support around 55.30 and resistance in the 56.68 range. Technical indicators are Bullish. IJS appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 57 covered call (ISD BE) for a net debit in the $53.53 area. That is also the break even stock price for this trade. This covered call has a 93 day duration, provides 4.72% downside protection and a 6.48% assigned return rate for a 25.44% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
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