Vanguard Energy ETF (VDE) 11/13/09 PriceWatch Alert Targets 13.35% Return
Posted: Friday, November 13, 2009 8:21 AM EDT
By: Market Intelligence Center Staff
Vanguard Energy ETF (PCX: VDE) closed yesterday at $83.75. So far VDE has hit a 52-week low of $52.19 and 52-week high of $89.44. VDE has been showing support around 82.02 and resistance in the 86.52 range. Technical indicators are Bullish. VDE appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 80 covered call (VDE CP) for a net debit in the $76.45 area. That is also the break even stock price for this trade. This covered call has a 127 day duration, provides 8.72% downside protection and a 4.64% assigned return rate for a 13.35% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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