Vanguard Financials ETF (VFH) 11/9/09 PriceWatch Alert Support Down To $28.03
Posted: Monday, November 09, 2009 8:13 AM EDT
By: Market Intelligence Center Staff
Vanguard Financials ETF (PCX: VFH) ended the last trading session at $28.56. So far VFH has hit a 52-week low of $13.07 and 52-week high of $31.30. VFH has been showing support around 28.03 and resistance in the 28.95 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 $26.51 area. That is also the break even stock price for this trade. This covered call has a 131 day duration, provides 7.18% downside protection and a 5.62% assigned return rate for a 15.66% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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