Vanguard Large-Cap ETF (VV) 11/18/09 PriceWatch Alert Shows Bullish Technicals
Posted: Wednesday, November 18, 2009 8:03 AM EDT
By: Market Intelligence Center Staff
Vanguard Large-Cap ETF (PCX: VV) closed yesterday at $50.62. So far VV has hit a 52-week low of $30.40 and 52-week high of $50.73. VV has been showing support around 50.06 and resistance in the 50.90 range. Technical indicators are Bullish. VV appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 50 covered call (VV CX) for a net debit in the $47.87 area. That is also the break even stock price for this trade. This covered call has a 122 day duration, provides 5.43% downside protection and a 4.45% assigned return rate for a 13.31% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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