PowerShares DB Base Metals Fund (DBB) 11/20/09 PriceWatch Alert Could Hit 17.99% Return
Posted: Friday, November 20, 2009 8:27 AM EDT
By: Market Intelligence Center Staff
PowerShares DB Base Metals Fund (PCX: DBB) closed yesterday at $20.49. So far DBB has hit a 52-week low of $10.90 and 52-week high of $20.95. DBB has been showing support around 20.12 and resistance in the 20.76 range. Technical indicators are Bullish. DBB appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 20 covered call (DBB DT) for a net debit in the $18.64 area. That is also the break even stock price for this trade. This covered call has a 148 day duration, provides 9.03% downside protection and a 7.30% assigned return rate for a 17.99% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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