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iShares MSCI Russell Microcap Index (IWC) Showing Bearish Technicals With Support At $93.82

Dec 06, 2017 (Marketintelligencecenter.com via COMTEX) --

A covered call identified by MarketIntelligececenter.com's patented algorithm on iShares MSCI Russell Microcap Index (<a href="http://www.marketintelligencecenter.com/symbol/IWC">IWC</a>) could yield about 2.90% (10.58% annualized, for comparison purposes only) in 100 days. Pair a long position in the stock with the Mar 16, 2018 $94 call for a net debit of about $91.34. This position also has 3.38% downside protection. iShares MSCI Russell Microcap Index closed at $94.55 Dec 5, 2017. Technical indicators for IWC are bearish and support and resistance have been about $93.82 and $96, respectively.A

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