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Nordson Corp (NDSN) Showing Bearish Technicals

Jan 03, 2018 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Nordson Corp (<a href="http://www.marketintelligencecenter.com/symbol/NDSN">NDSN</a>). Look at the Mar 16, 2018 $145 covered call for a net debit in the $138.81 area.<br /> <br /> This trade has a duration of 72 days. The break-even point of this trade is the same as the net debit, which gives this trade 5.83% downside protection. If the stock closes at or above $145 at expiration this trade will return 4.45% or 22.56% (for comparison purposes only). <br /> <br /> NDSN closed Jan 2, 2018's trading session at $147.41. In the past year, the stock has hit a 52-week low of $107.16 and 52-week high of $150.48. Nordson Corp stock has been showing support around $144.47 and resistance in the $149.93 range. Recent technical indicators for the stock are bearish.

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