Vanguard Energy ETF (VDE) 11/9/09 PriceWatch Alert Shows Bullish Technicals
Posted: Monday, November 09, 2009 8:13 AM EDT
By: Market Intelligence Center Staff
Vanguard Energy ETF (PCX: VDE) ended the last trading session at $83.87. So far VDE has hit a 52-week low of $52.19 and 52-week high of $89.44. VDE has been showing support around 82.26 and resistance in the 85.58 range. Technical indicators are Bullish. VDE appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 80 covered call (VDE CP) for a net debit in the $76.27 area. That is also the break even stock price for this trade. This covered call has a 131 day duration, provides 9.06% downside protection and a 4.89% assigned return rate for a 13.63% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
CLICK HERE: FREE (VDE) Stock ReportSee what our analysts have uncovered about (VDE).