KBW Bank ETF (KBE) 11/19/09 PriceWatch Alert Bullish Price Movement
Posted: Thursday, November 19, 2009 8:41 AM EDT
By: Market Intelligence Center Staff
KBW Bank ETF (PCX: KBE) closed yesterday at $22.20. So far KBE has hit a 52-week low of $8.90 and 52-week high of $25.06. KBE has been showing support around 21.64 and resistance in the 22.50 range. Technical indicators are Bullish. KBE appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 22 covered call (KEJ FV) for a net debit in the $19.70 area. That is also the break even stock price for this trade. This covered call has a 212 day duration, provides 11.26% downside protection and an 11.68% assigned return rate for a 20.10% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
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