Rochester, NY 7/16/2009 3:59:45 AM
EWH - iShares MSCI Hong Kong Technical Indicators Show Bearish Results
iShares MSCI Hong Kong
ISHARE MSCI HONGKONG, EWH
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iShares MSCI Hong Kong Index Fund ended the last trading session at $13.25. So far EWH has hit a 52-week low of $8.36 and 52-week high of $17.32. EWH has been showing support around 13.02 and resistance in the 13.40 range. Technical indicators are Bearish. EWH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Dec '09 13 covered call (EWH LM) for a net debit in the $11.95 area. That is also the break even stock price for this trade. This covered call has a 159 day duration, provides 9.81% downside protection and an 8.79% assigned return rate for a 20.17% annualized return rate (comparison purposes only).
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