Vanguard Information Technology ETF (VGT) 11/20/09 PriceWatch Alert Technicals Showing Bullish
Posted: Friday, November 20, 2009 8:11 AM EDT
By: Market Intelligence Center Staff
Vanguard Information Technology ETF (PCX: VGT) closed yesterday at $52.30. So far VGT has hit a 52-week low of $28.85 and 52-week high of $53.46. VGT has been showing support around 51.43 and resistance in the 53.25 range. Technical indicators are Bullish. VGT 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 (VGT FZ) for a net debit in the $49.00 area. That is also the break even stock price for this trade. This covered call has a 211 day duration, provides 6.31% downside protection and a 6.12% assigned return rate for a 10.59% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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