PowerShares DB Gold Fund (DGL) 11/20/09 PriceWatch Alert Up To 17.98% Return
Posted: Friday, November 20, 2009 8:15 AM EDT
By: Market Intelligence Center Staff
PowerShares DB Gold Fund (PCX: DGL) closed yesterday at $41.08. So far DGL has hit a 52-week low of $27.24 and 52-week high of $41.39. DGL has been showing support around 40.37 and resistance in the 41.49 range. Technical indicators are Bullish. DGL appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 41 covered call (DGL AO) for a net debit in the $39.88 area. That is also the break even stock price for this trade. This covered call has a 57 day duration, provides 2.92% downside protection and a 2.81% assigned return rate for a 17.98% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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