Vanguard Information Technology ETF (VGT) PriceWatch Alert Shows Bullish Technicals

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

Vanguard Information Technology ETF (PCX: VGT) closed yesterday at $41.91. So far VGT has hit a 52-week low of $28.85 and 52-week high of $55.79. VGT has been showing support around 41.40 and resistance in the 42.66 range. Technical indicators are Bullish. VGT appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Sep '09 41 covered call (VGT IO) for a net debit in the $39.51 area. That is also the break even stock price for this trade. This covered call has a 75 day duration, provides 5.73% downside protection and a 3.77% assigned return rate for an 18.35% 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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