Vanguard REIT ETF (VNQ) 11/16/09 PriceWatch Alert Support At Around $41.23
Posted: Monday, November 16, 2009 8:29 AM EDT
By: Market Intelligence Center Staff
Vanguard REIT ETF (PCX: VNQ) ended the last trading session at $42.08. So far VNQ has hit a 52-week low of $19.95 and 52-week high of $45.24. VNQ has been showing support around 41.23 and resistance in the 42.63 range. Technical indicators are Bullish. VNQ appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 42 covered call (PEE CP) for a net debit in the $39.33 area. That is also the break even stock price for this trade. This covered call has a 124 day duration, provides 6.54% downside protection and a 6.79% assigned return rate for a 19.98% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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