Vanguard Information Technology ETF (VGT) 11/13/09 PriceWatch Alert At $49.11 Break Even
Posted: Friday, November 13, 2009 8:13 AM EDT
By: Market Intelligence Center Staff
Vanguard Information Technology ETF (PCX: VGT) closed yesterday at $52.11. So far VGT has hit a 52-week low of $28.85 and 52-week high of $52.71. VGT has been showing support around 51.64 and resistance in the 52.94 range. Technical indicators are Bullish. VGT appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 52 covered call (VGT FZ) for a net debit in the $49.11 area. That is also the break even stock price for this trade. This covered call has a 218 day duration, provides 5.76% downside protection and a 5.88% assigned return rate for a 9.85% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
CLICK HERE: FREE (VGT) Stock ReportSee what our analysts have uncovered about (VGT).