Vanguard FTSE All-World ex-US Index ETF (VEU) 11/3/09 PriceWatch Alert Support Down To $41.10
Posted: Tuesday, November 03, 2009 8:37 AM EDT
By: Market Intelligence Center Staff
Vanguard FTSE All-World ex-US Index ETF (PCX: VEU) closed yesterday at $42.27. So far VEU has hit a 52-week low of $23.32 and 52-week high of $45.48. VEU has been showing support around 41.10 and resistance in the 43.46 range. Technical indicators are Bearish. VEU appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 42 covered call (VEU AP) for a net debit in the $40.52 area. That is also the break even stock price for this trade. This covered call has a 74 day duration, provides 4.14% downside protection and a 3.65% assigned return rate for an 18.02% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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