Vanguard Information Technology ETF (VGT) 11/16/09 PriceWatch Alert Technicals Showing Bullish
Posted: Monday, November 16, 2009 8:12 AM EDT
By: Market Intelligence Center Staff
Vanguard Information Technology ETF (PCX: VGT) ended the last trading session at $52.60. 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 51.84 and resistance in the 53.08 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 $49.50 area. That is also the break even stock price for this trade. This covered call has a 215 day duration, provides 5.89% downside protection and a 5.05% assigned return rate for an 8.57% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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