Vanguard Information Technology ETF (VGT) 11/11/09 PriceWatch Alert Support At Around $51.68
Posted: Wednesday, November 11, 2009 8:45 AM EDT
By: Market Intelligence Center Staff
Vanguard Information Technology ETF (PCX: VGT) closed yesterday at $52.07. So far VGT has hit a 52-week low of $28.85 and 52-week high of $52.30. VGT has been showing support around 51.68 and resistance in the 52.48 range. Technical indicators are Bullish. VGT 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 (VGT CY) for a net debit in the $49.07 area. That is also the break even stock price for this trade. This covered call has a 129 day duration, provides 5.76% downside protection and a 3.93% assigned return rate for an 11.13% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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