Claymore/AlphaShares China Small Cap (HAO) 11/20/09 PriceWatch Alert Support At Around $25.43
Posted: Friday, November 20, 2009 8:39 AM EDT
By: Market Intelligence Center Staff
Claymore/AlphaShares China Small Cap (PCX: HAO) closed yesterday at $25.85. So far HAO has hit a 52-week low of $9.70 and 52-week high of $26.94. HAO has been showing support around 25.43 and resistance in the 26.29 range. Technical indicators are Bullish. HAO appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 25 covered call (HAO CY) for a net debit in the $23.65 area. That is also the break even stock price for this trade. This covered call has a 120 day duration, provides 8.51% downside protection and a 5.71% assigned return rate for a 17.36% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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