Vanguard FTSE All-World ex-US Index ETF (VEU) 11/11/09 PriceWatch Alert Technicals Showing Bullish
Posted: Wednesday, November 11, 2009 8:39 AM EDT
By: Market Intelligence Center Staff
Vanguard FTSE All-World ex-US Index ETF (PCX: VEU) closed yesterday at $44.65. So far VEU has hit a 52-week low of $23.32 and 52-week high of $45.48. VEU has been showing support around 44.10 and resistance in the 44.98 range. Technical indicators are Bullish. VEU appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 44 covered call (VEU BR) for a net debit in the $42.45 area. That is also the break even stock price for this trade. This covered call has a 101 day duration, provides 4.93% downside protection and a 3.65% assigned return rate for a 13.20% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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