Rochester, NY 8/24/2009 8:38:04 PM
SPDRs SPY , SPDRs Announces its profit Moves Up
SPDRs SPY
SPDRs earnings $100.79 at closed market. It hit a 52-week low of $67.10 and 52-week high of $130.71. The company 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.
SPDRs showed 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.
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