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iShares MSCI Russell 2000 Value Index (IWN) Showing Bearish Technicals With Support At $120.65

Nov 08, 2017 ( via COMTEX) --

A covered call identified by's patented algorithm on iShares MSCI Russell 2000 Value Index (<a href="">IWN</a>) could yield about 2.86% (5.47% annualized, for comparison purposes only) in 191 days. Pair a long position in the stock with the May 18, 2018 $122 call for a net debit of about $118.60. This position also has 2.94% downside protection. iShares MSCI Russell 2000 Value Index closed at $122.19 Nov 7, 2017. Technical indicators for IWN are bearish and support and resistance have been about $120.65 and $124.77, respectively.A

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