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Align Technology (ALGN) Trading Near $121 Resistance Level

Apr 21, 2017 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on Align Technology (<a href="http://www.marketintelligencecenter.com/symbol/ALGN">ALGN</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the May 19, 2017 $115 covered call for a net debit in the $112.57 area. That is also the break-even stock price for the covered call. This trade will return 2.15%, or 28.13% annualized (for comparison purposes only), in 28 days. This covered call also provides 5.29% downside protection. The current 52-week low is $70.03 and the 52-week high is $119.19. Align Technology stock has been showing support around $115.26 and resistance in the $121 range. The stock closed Apr 20, 2017's trading session at $118.87.A

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