iShares Dow Jones US (IAI) 11/20/09 PriceWatch Alert Technicals Showing Bearish
Posted: Friday, November 20, 2009 8:36 AM EDT
By: Market Intelligence Center Staff
iShares Dow Jones US (PCX: IAI) closed yesterday at $28.29. So far IAI has hit a 52-week low of $13.69 and 52-week high of $30.80. IAI has been showing support around 27.84 and resistance in the 28.84 range. Technical indicators are Bearish. IAI appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 28 covered call (IHV AB) for a net debit in the $27.04 area. That is also the break even stock price for this trade. This covered call has a 57 day duration, provides 4.42% downside protection and a 3.55% assigned return rate for a 22.73% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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