Vanguard REIT ETF (VNQ) 11/19/09 PriceWatch Alert Up To 16.51% Return
Posted: Thursday, November 19, 2009 8:17 AM EDT
By: Market Intelligence Center Staff
Vanguard REIT ETF (PCX: VNQ) closed yesterday at $43.12. 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 41.94 and resistance in the 43.82 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 $39.82 area. That is also the break even stock price for this trade. This covered call has a 121 day duration, provides 7.65% downside protection and a 5.47% assigned return rate for a 16.51% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
CLICK HERE: FREE (VNQ) Stock ReportSee what our analysts have uncovered about (VNQ).