iShares Dow Jones U.S. Real Estate Index Fund (PCX: IYR) closed yesterday at $29.31. So far IYR has hit a 52-week low of $20.98 and 52-week high of $71.76. IYR has been showing support around 25.43 and resistance in the 31.35 range. Technical indicators are Bullish.
For a hedged play on this stock, look at a Sep '09 23 covered call (BJN IW) for a net debit in the $20.41 area. That is also the break even stock price for this trade.
SOURCE: Market Intelligence Center
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