Vanguard Information Technology ETF (VGT) 11/9/09 PriceWatch Alert Shows Bullish Technicals
Posted: Monday, November 09, 2009 8:29 AM EDT
By: Market Intelligence Center Staff
Vanguard Information Technology ETF (PCX: VGT) ended the last trading session at $51.02. 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 50.29 and resistance in the 51.53 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 51 covered call (VGT CY) for a net debit in the $48.57 area. That is also the break even stock price for this trade. This covered call has a 131 day duration, provides 4.80% downside protection and a 5.00% assigned return rate for a 13.94% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
CLICK HERE: FREE (VGT) Stock ReportSee what our analysts have uncovered about (VGT).