Vanguard Small-Cap ETF (VB) 11/3/09 PriceWatch Alert Shows Bearish Technicals

Posted: Tuesday, November 03, 2009 8:32 AM EDT

Vanguard Small-Cap ETF (PCX: VB) closed yesterday at $52.04. So far VB has hit a 52-week low of $29.56 and 52-week high of $57.66. VB has been showing support around 50.38 and resistance in the 53.66 range. Technical indicators are Bearish. VB appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 52 covered call (VB CS) for a net debit in the $48.44 area. That is also the break even stock price for this trade. This covered call has a 137 day duration, provides 6.92% downside protection and a 7.35% assigned return rate for a 19.58% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]

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