Vanguard REIT ETF (VNQ) 11/12/09 PriceWatch Alert Up To 18.91% Return
Posted: Thursday, November 12, 2009 8:46 AM EDT
By: Market Intelligence Center Staff
Vanguard REIT ETF (PCX: VNQ) closed yesterday at $41.95. So far VNQ has hit a 52-week low of $19.95 and 52-week high of $45.24. VNQ has been showing support around 41.04 and resistance in the 42.70 range. Technical indicators are Bullish. VNQ appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 41 covered call (PEE CO) for a net debit in the $38.45 area. That is also the break even stock price for this trade. This covered call has a 128 day duration, provides 8.34% downside protection and a 6.63% assigned return rate for an 18.91% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
CLICK HERE: FREE (VNQ) Stock ReportSee what our analysts have uncovered about (VNQ).