Vanguard European ETF (VGK) 11/19/09 PriceWatch Alert At $49.13 Break Even
Posted: Thursday, November 19, 2009 8:43 AM EDT
By: Market Intelligence Center Staff
Vanguard European ETF (PCX: VGK) closed yesterday at $52.43. So far VGK has hit a 52-week low of $26.45 and 52-week high of $52.90. VGK has been showing support around 51.85 and resistance in the 52.93 range. Technical indicators are Bullish. VGK appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 52 covered call (GKV FZ) for a net debit in the $49.13 area. That is also the break even stock price for this trade. This covered call has a 212 day duration, provides 6.29% downside protection and a 5.84% assigned return rate for a 10.06% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
CLICK HERE: FREE (VGK) Stock ReportSee what our analysts have uncovered about (VGK).