Vanguard FTSE All-World ex-US Index ETF (VEU) 11/12/09 PriceWatch Alert With Support Around $44.18
Posted: Thursday, November 12, 2009 8:34 AM EDT
By: Market Intelligence Center Staff
Vanguard FTSE All-World ex-US Index ETF (PCX: VEU) closed yesterday at $44.74. 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 44.18 and resistance in the 45.42 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 $42.49 area. That is also the break even stock price for this trade. This covered call has a 100 day duration, provides 5.03% downside protection and a 3.55% assigned return rate for a 12.97% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
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