Utilities HOLDRS (UTH) 11/20/09 PriceWatch Alert At $87.96 Break Even
Posted: Friday, November 20, 2009 8:04 AM EDT
By: Market Intelligence Center Staff
Utilities HOLDRS (AMEX: UTH) closed yesterday at $92.36. So far UTH has hit a 52-week low of $73.51 and 52-week high of $99.90. UTH has been showing support around 91.47 and resistance in the 93.57 range. Technical indicators are Bearish. UTH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 90 covered call (UTH BR) for a net debit in the $87.96 area. That is also the break even stock price for this trade. This covered call has a 92 day duration, provides 4.76% downside protection and a 2.32% assigned return rate for a 9.20% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
CLICK HERE: FREE Merrill Lynch Utilities Holdrs Trust (UTH) Stock ReportSee what our analysts have uncovered about Merrill Lynch Utilities Holdrs Trust (UTH).