Vanguard Materials ETF (VAW) PriceWatch Alert Technicals Showing Neutral
Posted: Monday, July 06, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
Vanguard Materials ETF (PCX: VAW) closed yesterday at $50.97. So far VAW has hit a 52-week low of $34.94 and 52-week high of $88.73. VAW has been showing support around 50.21 and resistance in the 52.11 range. Technical indicators are Neutral. VAW appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Sep '09 50 covered call (IPZ IX) for a net debit in the $47.17 area. That is also the break even stock price for this trade. This covered call has a 75 day duration, provides 7.46% downside protection and a 6.00% assigned return rate for a 29.20% annualized return rate (comparison purposes only). [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]
CLICK HERE: FREE (VAW) Stock ReportSee what our analysts have uncovered about (VAW).