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Freightcar America (RAIL) Showing Resistance Near $15.22

Nov 10, 2017 ( via COMTEX) --

For a hedged play on Freightcar America (<a href="">RAIL</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jun 15, 2018 $12.50 covered call for a net debit in the $11.64 area. That is also the break-even stock price for the covered call. This trade will return 7.38%, or 12.42% annualized (for comparison purposes only), in 217 days. This covered call also provides 20.21% downside protection. The current 52-week low is $12.07 and the 52-week high is $20.46. Freightcar America stock has been showing support around $13.86 and resistance in the $15.22 range. The stock closed Nov 9, 2017's trading session at $14.59.A

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