Vanguard Information Technology ETF (VGT) PriceWatch Alert for November 6, 2009

Posted: Friday, November 06, 2009 8:37 AM EDT

Vanguard Information Technology ETF (PCX: VGT) closed yesterday at $50.93. So far VGT has hit a 52-week low of $28.85 and 52-week high of $52.30. VGT has been showing support around 50.00 and resistance in the 51.44 range. Technical indicators are Bullish. VGT appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 50 covered call (VGT CX) for a net debit in the $48.03 area. That is also the break even stock price for this trade. This covered call has a 134 day duration, provides 5.69% downside protection and a 4.10% assigned return rate for an 11.17% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]

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