Direxion Daily Technology Bull 3X Shares (TYH) 11/20/09 PriceWatch Alert Shows Bullish Technicals
Posted: Friday, November 20, 2009 8:47 AM EDT
By: Market Intelligence Center Staff
Direxion Daily Technology Bull 3X Shares (PCX: TYH) closed yesterday at $158.89. So far TYH has hit a 52-week low of $31.86 and 52-week high of $170.16. TYH has been showing support around 150.89 and resistance in the 167.93 range. Technical indicators are Bullish. TYH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 155 covered call (TYF AK) for a net debit in the $144.39 area. That is also the break even stock price for this trade. This covered call has a 57 day duration, provides 9.13% downside protection and a 7.35% assigned return rate for a 47.05% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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