Vanguard Mid-Cap Value ETF (VOE) 11/3/09 PriceWatch Alert With Support Around $39.37
Posted: Tuesday, November 03, 2009 8:45 AM EDT
By: Market Intelligence Center Staff
Vanguard Mid-Cap Value ETF (PCX: VOE) closed yesterday at $40.67. So far VOE has hit a 52-week low of $22.84 and 52-week high of $44.40. VOE has been showing support around 39.37 and resistance in the 41.97 range. Technical indicators are Bearish. VOE appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 40 covered call (VOE CH) for a net debit in the $37.82 area. That is also the break even stock price for this trade. This covered call has a 137 day duration, provides 7.01% downside protection and a 5.76% assigned return rate for a 15.36% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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