UltraShort Dow30 ProShares (DXD) 11/20/09 PriceWatch Alert Support Down To $29.70
Posted: Friday, November 20, 2009 8:09 AM EDT
By: Market Intelligence Center Staff
UltraShort Dow30 ProShares (PCX: DXD) closed yesterday at $30.29. So far DXD has hit a 52-week low of $29.74 and 52-week high of $102.48. DXD has been showing support around 29.70 and resistance in the 31.04 range. Technical indicators are Bearish. DXD appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 30 covered call (DOF DD) for a net debit in the $26.89 area. That is also the break even stock price for this trade. This covered call has a 148 day duration, provides 11.22% downside protection and an 11.57% assigned return rate for a 28.52% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
CLICK HERE: FREE (DXD) Stock ReportSee what our analysts have uncovered about (DXD).