Vanguard Growth ETF (VUG) 11/11/09 PriceWatch Alert Technicals Showing Bullish
Posted: Wednesday, November 11, 2009 8:26 AM EDT
By: Market Intelligence Center Staff
Vanguard Growth ETF (PCX: VUG) closed yesterday at $51.49. So far VUG has hit a 52-week low of $32.21 and 52-week high of $51.63. VUG has been showing support around 51.04 and resistance in the 51.86 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 $48.39 area. That is also the break even stock price for this trade. This covered call has a 129 day duration, provides 6.02% downside protection and a 3.33% assigned return rate for a 9.41% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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