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Canadian Dollar Trust (FXC) Trading Near $78.46 Support Level

Feb 07, 2018 (Marketintelligencecenter.com via COMTEX) --

Canadian Dollar Trust (<a href="http://www.marketintelligencecenter.com/symbol/FXC">FXC</a>) is a good candidate for a covered call at the $78 level. The Sep 21, 2018 call at that price should fetch a credit of about $2.45, which means the entire position has a net debit of about $76.36. This trade has 2.24% downside protection. Technical indicators for the stock are bearish and Canadian Dollar Trust has a 52-week low of $71.70 and 52-week high of $81.49.

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