CurrencyShares Swedish Krona Trust (FXS) 11/20/09 PriceWatch Alert At $139.76 Break Even
Posted: Friday, November 20, 2009 8:46 AM EDT
By: Market Intelligence Center Staff
CurrencyShares Swedish Krona Trust (PCX: FXS) closed yesterday at $144.66. So far FXS has hit a 52-week low of $107.13 and 52-week high of $147.78. FXS has been showing support around 143.67 and resistance in the 145.15 range. Technical indicators are Bullish. FXS appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 145 covered call (FXS CO) for a net debit in the $139.76 area. That is also the break even stock price for this trade. This covered call has a 120 day duration, provides 3.39% downside protection and a 3.75% assigned return rate for an 11.40% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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