iShares S&P 500 Growth Index Fund (IVW) 11/19/09 PriceWatch Alert Support Down To $57.16
Posted: Thursday, November 19, 2009 8:10 AM EDT
By: Market Intelligence Center Staff
iShares S&P 500 Growth Index Fund (PCX: IVW) closed yesterday at $57.71. So far IVW has hit a 52-week low of $36.02 and 52-week high of $57.96. IVW has been showing support around 57.16 and resistance in the 58.14 range. Technical indicators are Bullish. IVW appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 59 covered call (IVW FG) for a net debit in the $54.76 area. That is also the break even stock price for this trade. This covered call has a 212 day duration, provides 5.11% downside protection and a 7.74% assigned return rate for a 13.33% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
CLICK HERE: FREE (IVW) Stock ReportSee what our analysts have uncovered about (IVW).