Rochester, NY 7/27/2009 9:20:32 PM
S&P DEP RECEIPTS SPY, SPDR S&P 500 ETF Gaining Better Market Results
S&P DEP RECEIPTS
Last trading session SPDR S&P 500 ETF (PCX: SPY) trading closed at $95.08. The company has been showing support around 93.60 and resistance in the 95.88 range. So far SPY has hit a 52-week low of $67.10 and 52-week high of $137.12.
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SPY indicators are bullish. And the company also appears on HOLDR list and Investors Observer Select ETF. For a hedged play on this stock, look at an Aug '09 95 covered call (SWG HQ) for a net debit in the $91.13 area. That is also the break even stock price for this trade.
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