WisdomTree India Earnings Fund (EPI) 11/20/09 PriceWatch Alert Shows Bullish Technicals
Posted: Friday, November 20, 2009 8:43 AM EDT
By: Market Intelligence Center Staff
WisdomTree India Earnings Fund (PCX: EPI) closed yesterday at $21.07. So far EPI has hit a 52-week low of $8.74 and 52-week high of $22.38. EPI has been showing support around 20.76 and resistance in the 21.50 range. Technical indicators are Bullish. EPI appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 21 covered call (EPI DU) for a net debit in the $19.37 area. That is also the break even stock price for this trade. This covered call has a 148 day duration, provides 8.07% downside protection and an 8.42% assigned return rate for a 20.75% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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