Software HOLDRS (SWH) PriceWatch Alert for November 20, 2009
Posted: Friday, November 20, 2009 8:31 AM EDT
By: Market Intelligence Center Staff
Software HOLDRS (AMEX: SWH) closed yesterday at $41.04. So far SWH has hit a 52-week low of $25.15 and 52-week high of $41.59. SWH has been showing support around 40.70 and resistance in the 41.30 range. Technical indicators are Bullish. SWH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 40 covered call (SWH BH) for a net debit in the $38.79 area. That is also the break even stock price for this trade. This covered call has a 92 day duration, provides 5.48% downside protection and a 3.12% assigned return rate for a 12.38% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
CLICK HERE: FREE Software Holdrs Trust (SWH) Stock ReportSee what our analysts have uncovered about Software Holdrs Trust (SWH).