Vanguard European ETF (VGK) PriceWatch Alert for November 10, 2009
Posted: Tuesday, November 10, 2009 8:12 AM EDT
By: Market Intelligence Center Staff
Vanguard European ETF (PCX: VGK) closed yesterday at $51.83. So far VGK has hit a 52-week low of $26.45 and 52-week high of $52.43. VGK has been showing support around 51.04 and resistance in the 52.24 range. Technical indicators are Bullish. VGK appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 51 covered call (GKV CY) for a net debit in the $49.08 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 5.31% downside protection and a 3.91% assigned return rate for a 10.98% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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