Vanguard Information Technology ETF (VGT) 11/12/09 PriceWatch Alert Support At Around $51.90
Posted: Thursday, November 12, 2009 8:37 AM EDT
By: Market Intelligence Center Staff
Vanguard Information Technology ETF (PCX: VGT) closed yesterday at $52.43. So far VGT has hit a 52-week low of $28.85 and 52-week high of $52.66. VGT has been showing support around 51.90 and resistance in the 52.92 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 $49.13 area. That is also the break even stock price for this trade. This covered call has a 128 day duration, provides 6.29% downside protection and a 3.81% assigned return rate for a 10.85% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
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