Vanguard Total Stock Market ETF (VTI) 11/9/09 PriceWatch Alert Support At Around $53.13
Posted: Monday, November 09, 2009 8:27 AM EDT
By: Market Intelligence Center Staff
Vanguard Total Stock Market ETF (PCX: VTI) ended the last trading session at $53.95. So far VTI has hit a 52-week low of $33.26 and 52-week high of $55.85. VTI has been showing support around 53.13 and resistance in the 54.55 range. Technical indicators are Bullish. VTI appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 53 covered call (JTI AA) for a net debit in the $51.65 area. That is also the break even stock price for this trade. This covered call has a 68 day duration, provides 4.26% downside protection and a 2.61% assigned return rate for a 14.03% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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