iShares Dow Jones U.S. Healthcare Sector Index Fund (IYH) 11/20/09 PriceWatch Alert Support At Around $60.58
Posted: Friday, November 20, 2009 8:30 AM EDT
By: Market Intelligence Center Staff
iShares Dow Jones U.S. Healthcare Sector Index Fund (PCX: IYH) closed yesterday at $61.45. So far IYH has hit a 52-week low of $43.99 and 52-week high of $61.88. IYH has been showing support around 60.58 and resistance in the 61.94 range. Technical indicators are Bullish. IYH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 60 covered call (IYH DL) for a net debit in the $58.15 area. That is also the break even stock price for this trade. This covered call has a 148 day duration, provides 5.37% downside protection and a 3.18% assigned return rate for a 7.85% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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