Vanguard Large-Cap ETF (VV) 2/9/10 PriceWatch Alert Technicals Showing Bearish
Posted: Tuesday, February 09, 2010 8:37 AM EDT
By: Market Intelligence Center Staff
Vanguard Large-Cap ETF (PACF: VV) closed yesterday at $48.17. So far VV has hit a 52-week low of $30.40 and 52-week high of $52.38. VV has been showing support around 47.75 and resistance in the 48.99 range. Technical indicators are Bearish. VV appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 47 covered call for a net debit in the $45.07 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 6.44% downside protection and a 4.28% assigned return rate for a 12.02% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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