Vanguard Materials ETF (VAW) 11/11/09 PriceWatch Alert Support At Around $63.81
Posted: Wednesday, November 11, 2009 8:45 AM EDT
By: Market Intelligence Center Staff
Vanguard Materials ETF (PCX: VAW) closed yesterday at $65.36. So far VAW has hit a 52-week low of $34.94 and 52-week high of $67.16. VAW has been showing support around 63.81 and resistance in the 66.39 range. Technical indicators are Bullish. VAW appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 65 covered call (VAW CM) for a net debit in the $61.06 area. That is also the break even stock price for this trade. This covered call has a 129 day duration, provides 6.58% downside protection and a 6.45% assigned return rate for an 18.26% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
CLICK HERE: FREE (VAW) Stock ReportSee what our analysts have uncovered about (VAW).