Vanguard REIT ETF (VNQ) 11/25/09 PriceWatch Alert With Support Around $41.09
Posted: Wednesday, November 25, 2009 8:10 AM EDT
By: Market Intelligence Center Staff
Vanguard REIT ETF (PCX: VNQ) closed yesterday at $41.73. 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 41.09 and resistance in the 42.69 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 41 covered call (PEE CO) for a net debit in the $38.83 area. That is also the break even stock price for this trade. This covered call has an 115 day duration, provides 6.95% downside protection and a 5.59% assigned return rate for a 17.74% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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