Vanguard FTSE All-World ex-US Index ETF (VEU) 11/18/09 PriceWatch Alert With $43.75 Break Even
Posted: Wednesday, November 18, 2009 8:46 AM EDT
By: Market Intelligence Center Staff
Vanguard FTSE All-World ex-US Index ETF (PCX: VEU) closed yesterday at $45.20. So far VEU has hit a 52-week low of $23.32 and 52-week high of $45.58. VEU has been showing support around 44.45 and resistance in the 45.57 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 45 covered call (VEU AS) for a net debit in the $43.75 area. That is also the break even stock price for this trade. This covered call has a 59 day duration, provides 3.21% downside protection and a 2.86% assigned return rate for a 17.68% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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