Vanguard Mid-Cap ETF (VO) 11/9/09 PriceWatch Alert Shows Bullish Technicals
Posted: Monday, November 09, 2009 8:46 AM EDT
By: Market Intelligence Center Staff
Vanguard Mid-Cap ETF (PCX: VO) ended the last trading session at $56.36. So far VO has hit a 52-week low of $32.55 and 52-week high of $59.42. VO has been showing support around 55.44 and resistance in the 57.10 range. Technical indicators are Bullish. VO appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 55 covered call (IUD CC) for a net debit in the $52.36 area. That is also the break even stock price for this trade. This covered call has a 131 day duration, provides 7.10% downside protection and a 5.04% assigned return rate for a 14.05% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
CLICK HERE: FREE (VO) Stock ReportSee what our analysts have uncovered about (VO).