Vanguard Small-Cap ETF (VB) 11/10/09 PriceWatch Alert Support Down To $53.99
Posted: Tuesday, November 10, 2009 8:12 AM EDT
By: Market Intelligence Center Staff
Vanguard Small-Cap ETF (PCX: VB) closed yesterday at $54.97. So far VB has hit a 52-week low of $29.56 and 52-week high of $57.66. VB has been showing support around 53.99 and resistance in the 55.51 range. Technical indicators are Bullish. VB appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 53 covered call (VB CA) for a net debit in the $50.57 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 8.00% downside protection and a 4.81% assigned return rate for a 13.49% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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