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Vanguard Russell 2000 Index ETF (VTWO) Showing Bearish Technicals With Resistance At $124.30

Jan 02, 2018 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Vanguard Russell 2000 Index ETF (<a href="http://www.marketintelligencecenter.com/symbol/VTWO">VTWO</a>). Look at the Mar 16, 2018 $122 covered call for a net debit in the $119.09 area.<br /> <br /> This trade has a duration of 73 days. The break-even point of this trade is the same as the net debit, which gives this trade 2.60% downside protection. If the stock closes at or above $122 at expiration this trade will return 2.43% or 12.21% (for comparison purposes only). <br /> <br /> VTWO closed Dec 29, 2017's trading session at $122.29. In the past year, the stock has hit a 52-week low of $106.26 and 52-week high of $124.67. Vanguard Russell 2000 Index ETF stock has been showing support around $121.28 and resistance in the $124.30 range. Recent technical indicators for the stock are bearish.

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