SPDR S&P Semiconductor ETF (XSD) 11/20/09 PriceWatch Alert Technicals Showing Bullish
Posted: Friday, November 20, 2009 8:38 AM EDT
By: Market Intelligence Center Staff
SPDR S&P Semiconductor ETF (PCX: XSD) closed yesterday at $40.68. So far XSD has hit a 52-week low of $19.81 and 52-week high of $43.04. XSD has been showing support around 39.47 and resistance in the 42.03 range. Technical indicators are Bullish. XSD appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 40 covered call (XSD CH) for a net debit in the $37.93 area. That is also the break even stock price for this trade. This covered call has a 120 day duration, provides 6.76% downside protection and a 5.46% assigned return rate for a 16.60% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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