Ultra Silver ProShares (AGQ) 11/20/09 PriceWatch Alert Technicals Showing Bullish
Posted: Friday, November 20, 2009 8:28 AM EDT
By: Market Intelligence Center Staff
Ultra Silver ProShares (PCX: AGQ) closed yesterday at $69.38. So far AGQ has hit a 52-week low of $21.60 and 52-week high of $71.48. AGQ has been showing support around 65.43 and resistance in the 71.43 range. Technical indicators are Bullish. AGQ appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 65 covered call (AGQ CM) for a net debit in the $57.28 area. That is also the break even stock price for this trade. This covered call has a 120 day duration, provides 17.44% downside protection and a 13.48% assigned return rate for a 40.99% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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