Vanguard Small-Cap ETF (VB) 11/11/09 PriceWatch Alert Support At Around $53.84
Posted: Wednesday, November 11, 2009 8:08 AM EDT
By: Market Intelligence Center Staff
Vanguard Small-Cap ETF (PCX: VB) closed yesterday at $54.75. 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 53.84 and resistance in the 55.72 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 $50.55 area. That is also the break even stock price for this trade. This covered call has a 129 day duration, provides 7.67% downside protection and a 4.85% assigned return rate for a 13.71% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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