iShares S&P MidCap 400 Index Fund (IJH) 11/20/09 PriceWatch Alert Targets 22.58% Return
Posted: Friday, November 20, 2009 8:04 AM EDT
By: Market Intelligence Center Staff
iShares S&P MidCap 400 Index Fund (PCX: IJH) closed yesterday at $69.20. So far IJH has hit a 52-week low of $39.80 and 52-week high of $71.72. IJH has been showing support around 68.04 and resistance in the 70.62 range. Technical indicators are Bullish. IJH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 69 covered call (IAJ AQ) for a net debit in the $66.65 area. That is also the break even stock price for this trade. This covered call has a 57 day duration, provides 3.68% downside protection and a 3.53% assigned return rate for a 22.58% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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