Vanguard FTSE All-World ex-US Index ETF (VEU) 11/16/09 PriceWatch Alert Down To $42.87 Break Even
Posted: Monday, November 16, 2009 8:20 AM EDT
By: Market Intelligence Center Staff
Vanguard FTSE All-World ex-US Index ETF (PCX: VEU) ended the last trading session at $44.62. So far VEU has hit a 52-week low of $23.32 and 52-week high of $45.48. VEU has been showing support around 43.75 and resistance in the 45.11 range. Technical indicators are Bullish. VEU appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 44 covered call (VEU AR) for a net debit in the $42.87 area. That is also the break even stock price for this trade. This covered call has a 61 day duration, provides 3.92% downside protection and a 2.64% assigned return rate for a 15.77% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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