Rochester, NY 8/22/2009 2:09:05 AM
SPDRs SPY, SPDR S&P 500 ETF Release Raised Market Trade
SPDRs SPY
SPDR S&P 500 ETF recently announced that its earnings $100.79 at closed market. It hit a 52-week low of $67.10 and 52-week high of $130.71. SPY has been showing support around 98.80 and resistance in the 102.60 range. Technical indicators for the company stock are Bullish and it continues to move high.
SPY appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Oct '09 100 covered calls (SWG JV) for a net debit in the $96.64 area. That is also the break even stock price for this trade.
Tenet Healthcare Corporation, an investor-owned health care services company, operates general hospitals and related health care facilities.
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