iShares S&P GSTI Semicondtr. Idx. (IGW) PriceWatch Alert for November 20, 2009
Posted: Friday, November 20, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
iShares S&P GSTI Semicondtr. Idx. (PCX: IGW) closed yesterday at $43.26. So far IGW has hit a 52-week low of $22.90 and 52-week high of $46.51. IGW has been showing support around 42.01 and resistance in the 44.59 range. Technical indicators are Bullish. IGW appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 40 covered call (IGW DH) for a net debit in the $38.06 area. That is also the break even stock price for this trade. This covered call has a 148 day duration, provides 12.02% downside protection and a 5.10% assigned return rate for a 12.57% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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