Ultra Dow30 ProShares (DDM) 11/20/09 PriceWatch Alert Bullish Price Movement
Posted: Friday, November 20, 2009 8:36 AM EDT
By: Market Intelligence Center Staff
Ultra Dow30 ProShares (PCX: DDM) closed yesterday at $43.05. So far DDM has hit a 52-week low of $17.21 and 52-week high of $43.87. DDM has been showing support around 41.94 and resistance in the 43.92 range. Technical indicators are Bullish. DDM appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 43 covered call (HXD AQ) for a net debit in the $40.85 area. That is also the break even stock price for this trade. This covered call has a 57 day duration, provides 5.11% downside protection and a 5.26% assigned return rate for a 33.70% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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