Vanguard Growth ETF (VUG) 11/10/09 PriceWatch Alert Targets 7.38% Return
Posted: Tuesday, November 10, 2009 8:19 AM EDT
By: Market Intelligence Center Staff
Vanguard Growth ETF (PCX: VUG) closed yesterday at $51.47. So far VUG has hit a 52-week low of $32.21 and 52-week high of $51.54. VUG has been showing support around 50.47 and resistance in the 51.97 range. Technical indicators are Bullish. VUG appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 50 covered call (VUG CX) for a net debit in the $48.72 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 5.34% downside protection and a 2.63% assigned return rate for a 7.38% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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