Short Dow30 ProShares (DOG) 11/20/09 PriceWatch Alert With Support Around $52.55
Posted: Friday, November 20, 2009 8:22 AM EDT
By: Market Intelligence Center Staff
Short Dow30 ProShares (PCX: DOG) closed yesterday at $53.04. So far DOG has hit a 52-week low of $52.57 and 52-week high of $93.13. DOG has been showing support around 52.55 and resistance in the 53.71 range. Technical indicators are Bearish. DOG appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 53 covered call (DOG BV) for a net debit in the $51.19 area. That is also the break even stock price for this trade. This covered call has a 92 day duration, provides 3.49% downside protection and a 3.54% assigned return rate for a 14.03% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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