Vanguard Financials ETF (VFH) 11/3/09 PriceWatch Alert Shows Bearish Technicals
Posted: Tuesday, November 03, 2009 8:37 AM EDT
By: Market Intelligence Center Staff
Vanguard Financials ETF (PCX: VFH) closed yesterday at $28.27. So far VFH has hit a 52-week low of $13.07 and 52-week high of $32.34. VFH has been showing support around 27.05 and resistance in the 29.33 range. Technical indicators are Bearish. VFH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 28 covered call (VFH CB) for a net debit in the $26.22 area. That is also the break even stock price for this trade. This covered call has a 137 day duration, provides 7.25% downside protection and a 6.79% assigned return rate for an 18.09% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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