Vanguard European ETF (VGK) 11/12/09 PriceWatch Alert Support Down To $50.94
Posted: Thursday, November 12, 2009 8:04 AM EDT
By: Market Intelligence Center Staff
Vanguard European ETF (PCX: VGK) closed yesterday at $51.58. So far VGK has hit a 52-week low of $26.45 and 52-week high of $52.43. VGK has been showing support around 50.94 and resistance in the 52.44 range. Technical indicators are Bullish. VGK 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 (GKV 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 4.75% 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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