iShares S&P SmallCap 600 Index Fund (IJR) 11/20/09 PriceWatch Alert With $48.38 Break Even
Posted: Friday, November 20, 2009 8:41 AM EDT
By: Market Intelligence Center Staff
iShares S&P SmallCap 600 Index Fund (PCX: IJR) closed yesterday at $51.18. So far IJR has hit a 52-week low of $29.92 and 52-week high of $54.56. IJR has been showing support around 50.04 and resistance in the 52.66 range. Technical indicators are Bearish. IJR appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 51 covered call (IJO BY) for a net debit in the $48.38 area. That is also the break even stock price for this trade. This covered call has a 92 day duration, provides 5.47% downside protection and a 5.42% assigned return rate for a 21.49% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
CLICK HERE: FREE (IJR) Stock ReportSee what our analysts have uncovered about (IJR).