Vanguard Small-Cap Growth ETF (VBK) 11/13/09 PriceWatch Alert Technicals Showing Bearish
Posted: Friday, November 13, 2009 8:27 AM EDT
By: Market Intelligence Center Staff
Vanguard Small-Cap Growth ETF (PCX: VBK) closed yesterday at $55.92. So far VBK has hit a 52-week low of $31.46 and 52-week high of $59.51. VBK has been showing support around 54.89 and resistance in the 57.81 range. Technical indicators are Bearish. VBK appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 55 covered call (VBK CK) for a net debit in the $52.02 area. That is also the break even stock price for this trade. This covered call has a 127 day duration, provides 6.97% downside protection and a 5.73% assigned return rate for a 16.46% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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