Vanguard European ETF (VGK) PriceWatch Alert Bullish Price Movement

Posted: Monday, July 06, 2009 8:07 AM EDT

Vanguard European ETF (PCX: VGK) closed yesterday at $39.88. So far VGK has hit a 52-week low of $26.45 and 52-week high of $65.38. VGK has been showing support around 39.39 and resistance in the 40.59 range. Technical indicators are Bullish. VGK appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Sep '09 39 covered call (GKV IM) for a net debit in the $37.43 area. That is also the break even stock price for this trade. This covered call has a 75 day duration, provides 6.14% downside protection and a 4.19% assigned return rate for a 20.41% 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]

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