Ultra Technology ProShares (ROM) 11/20/09 PriceWatch Alert Bullish Price Movement
Posted: Friday, November 20, 2009 8:26 AM EDT
By: Market Intelligence Center Staff
Ultra Technology ProShares (PCX: ROM) closed yesterday at $47.61. So far ROM has hit a 52-week low of $15.64 and 52-week high of $49.87. ROM has been showing support around 46.05 and resistance in the 49.29 range. Technical indicators are Bullish. ROM appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 45 covered call (ROM BI) for a net debit in the $42.21 area. That is also the break even stock price for this trade. This covered call has a 92 day duration, provides 11.34% downside protection and a 6.61% assigned return rate for a 26.22% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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