Vanguard Growth ETF (VUG) 11/20/09 PriceWatch Alert Technicals Showing Bullish
Posted: Friday, November 20, 2009 8:44 AM EDT
By: Market Intelligence Center Staff
Vanguard Growth ETF (PCX: VUG) closed yesterday at $51.58. So far VUG has hit a 52-week low of $32.21 and 52-week high of $52.44. VUG has been showing support around 50.87 and resistance in the 52.27 range. Technical indicators are Bullish. VUG appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 50 covered call (VUG CX) for a net debit in the $48.63 area. That is also the break even stock price for this trade. This covered call has a 120 day duration, provides 5.72% downside protection and a 2.82% assigned return rate for an 8.57% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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