Vanguard REIT ETF (VNQ) 11/10/09 PriceWatch Alert Could Hit 19.87% Return
Posted: Tuesday, November 10, 2009 8:31 AM EDT
By: Market Intelligence Center Staff
Vanguard REIT ETF (PCX: VNQ) closed yesterday at $41.49. 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 39.42 and resistance in the 42.54 range. Technical indicators are Bullish. VNQ appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 41 covered call (PEE CO) for a net debit in the $38.29 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 7.71% downside protection and a 7.08% assigned return rate for a 19.87% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
CLICK HERE: FREE (VNQ) Stock ReportSee what our analysts have uncovered about (VNQ).