Vanguard Energy ETF (VDE) 11/17/09 PriceWatch Alert Shows Bullish Technicals
Posted: Tuesday, November 17, 2009 8:45 AM EDT
By: Market Intelligence Center Staff
Vanguard Energy ETF (PCX: VDE) closed yesterday at $86.51. 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 84.50 and resistance in the 87.96 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 85 covered call (VDE CQ) for a net debit in the $80.71 area. That is also the break even stock price for this trade. This covered call has a 123 day duration, provides 6.70% downside protection and a 5.32% assigned return rate for a 15.77% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
CLICK HERE: FREE (VDE) Stock ReportSee what our analysts have uncovered about (VDE).