Vanguard Mid-Cap ETF (VO) 11/13/09 PriceWatch Alert Technicals Showing Bullish
Posted: Friday, November 13, 2009 8:43 AM EDT
By: Market Intelligence Center Staff
Vanguard Mid-Cap ETF (PCX: VO) closed yesterday at $57.31. So far VO has hit a 52-week low of $32.55 and 52-week high of $59.42. VO has been showing support around 56.48 and resistance in the 58.70 range. Technical indicators are Bullish. VO 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 (IUD CC) for a net debit in the $52.91 area. That is also the break even stock price for this trade. This covered call has a 127 day duration, provides 7.68% downside protection and a 3.95% assigned return rate for an 11.35% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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