Vanguard REIT ETF (VNQ) 11/3/09 PriceWatch Alert Technicals Showing Bearish
Posted: Tuesday, November 03, 2009 8:36 AM EDT
By: Market Intelligence Center Staff
Vanguard REIT ETF (PCX: VNQ) closed yesterday at $39.59. So far VNQ has hit a 52-week low of $19.95 and 52-week high of $45.24. VNQ has been showing support around 37.46 and resistance in the 41.54 range. Technical indicators are Bearish. VNQ appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 39 covered call (PEE CM) for a net debit in the $35.79 area. That is also the break even stock price for this trade. This covered call has a 137 day duration, provides 9.60% downside protection and an 8.97% assigned return rate for a 23.90% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
CLICK HERE: FREE (VNQ) Stock ReportSee what our analysts have uncovered about (VNQ).