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  • saulesposito saulesposito Jan 6, 2010 9:37 PM Flag

    IYT has topped today - SHORT

    IYT has topped out today. Look at a weekly and daily chart. The divergences are screaming SHORT.

    For a hedged play on this stock, look at a Mar '10 74 covered call for a net debit in the $71.21 area. That is also the break even stock price for this trade.

    Happy Trading

    www.fyitrades.com

    Traders Helping Traders.

 
IYT
147.92+0.44(+0.30%)Jul 11 4:00 PMEDT

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