Vanguard Mid-Cap ETF (VO) 11/20/09 PriceWatch Alert With Support Around $56.27
Posted: Friday, November 20, 2009 8:22 AM EDT
By: Market Intelligence Center Staff
Vanguard Mid-Cap ETF (PCX: VO) closed yesterday at $57.28. So far VO has hit a 52-week low of $32.55 and 52-week high of $59.42. VO has been showing support around 56.27 and resistance in the 58.55 range. Technical indicators are Bullish. VO appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 55 covered call (IUD CC) for a net debit in the $52.98 area. That is also the break even stock price for this trade. This covered call has a 120 day duration, provides 7.51% downside protection and a 3.81% assigned return rate for an 11.60% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
CLICK HERE: FREE (VO) Stock ReportSee what our analysts have uncovered about (VO).