Teradata Corporation (TDC) Showing Support Near $37.34
Dec 06, 2017 (Marketintelligencecenter.com via COMTEX News Network) -- For a hedged play on Teradata Corporation (TDC) MarketIntelligenceCenter.comaEUR(TM)s patented trade-picking algorithms recommend the Apr 20, 2018 $37.50 covered call for a net debit in the $35.22 area. That is also the break-even stock price for the covered call. This trade will return 6.47%, or 17.50% annualized (for comparison purposes only), in 135 days. This covered call also provides 8.56% downside protection. The current 52-week low is $26.55 and the 52-week high is $38.69. Teradata Corporation stock has been showing support around $37.34 and resistance in the $39.28 range. The stock closed Dec 5, 2017's trading session at $38.52. Technical indicators for the stock are bearish and S&P gives TDC a 3 STARS (out of 5) hold ranking.
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