Teradata Corporation (TDC) Showing Bearish Technicals With Resistance At $38.91
Jan 02, 2018 (Marketintelligencecenter.com via COMTEX News Network) -- MarketIntelligenceCenter.com's option-trade picking algorithms have identified an attractive covered-call trade on Teradata Corporation (TDC). Look at the Feb 16, 2018 $37.50 covered call for a net debit in the $36 area. This trade has a duration of 45 days. The break-even point of this trade is the same as the net debit, which gives this trade 6.37%. If the stock closes at or above $37.50 at expiration this trade will return 4.12% or 33.56% (for comparison purposes only). TDC closed Dec 29, 2017's trading session at $38.45. In the past year, the stock has hit a 52-week low of $27.05 and 52-week high of $39.33. Teradata Corporation stock has been showing support around $38.23 and resistance in the $38.91 range. Technical indicators for the stock are bearish and S&P gives TDC 3 STARS (out of 5) hold ranking.
(C) Copyright 2018, Marketintelligencecenter.com. All rights reserved.