Teradata Corporation (TDC) Showing Bearish Technicals With Support At $38.49
Dec 28, 2017 (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 $36.08 area. This trade has a duration of 50 days. The break-even point of this trade is the same as the net debit, which gives this trade 6.96%. If the stock closes at or above $37.50 at expiration this trade will return 3.90% or 28.52% (for comparison purposes only). TDC closed Dec 27, 2017's trading session at $38.79. In the past year, the stock has hit a 52-week low of $26.92 and 52-week high of $39.33. Teradata Corporation stock has been showing support around $38.49 and resistance in the $39.11 range. Technical indicators for the stock are bearish and S&P gives TDC 3 STARS (out of 5) hold ranking.
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