Vanguard REIT ETF (VNQ) 11/9/09 PriceWatch Alert Shows Bearish Technicals
Posted: Monday, November 09, 2009 8:27 AM EDT
By: Market Intelligence Center Staff
Vanguard REIT ETF (PCX: VNQ) ended the last trading session at $39.54. So far VNQ has hit a 52-week low of $19.95 and 52-week high of $45.24. VNQ has been showing support around 38.68 and resistance in the 40.62 range. Technical indicators are Bearish. VNQ appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 39 covered call (PEE CM) for a net debit in the $35.94 area. That is also the break even stock price for this trade. This covered call has a 131 day duration, provides 9.10% downside protection and an 8.51% assigned return rate for a 23.72% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
CLICK HERE: FREE (VNQ) Stock ReportSee what our analysts have uncovered about (VNQ).