Vanguard Growth ETF (VUG) 11/6/09 PriceWatch Alert Support Down To $49.33
Posted: Friday, November 06, 2009 8:46 AM EDT
By: Market Intelligence Center Staff
Vanguard Growth ETF (PCX: VUG) closed yesterday at $50.22. So far VUG has hit a 52-week low of $32.21 and 52-week high of $51.54. VUG has been showing support around 49.33 and resistance in the 50.67 range. Technical indicators are Bullish. VUG 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 (VUG CX) for a net debit in the $48.02 area. That is also the break even stock price for this trade. This covered call has a 134 day duration, provides 4.38% downside protection and a 4.12% assigned return rate for an 11.23% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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