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NN Inc (NNBR) Showing Bearish Technicals

Feb 09, 2018 (Marketintelligencecenter.com via COMTEX) --

After Feb 8, 2018aEUR(TM)s trading in NN Inc (<a href="http://www.marketintelligencecenter.com/symbol/NNBR">NNBR</a>) the algorithms behind MarketIntelligenceCenter.com's Artifical Intelligence Center picked out a trade that offers a 10.37% or 16.90% (for comparison purposes only), while providing 14.68% downside protection. The trade is a Sep 21, 2018 covered call at the $25 level for a net debit of about $22.65. The net debit is also the breakeven point for this trade. Technical indicators for the stock have been bearish recently and support and resistance have been in the area of $25.87 and $27.52, respectively.

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