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Nordson Corp (NDSN) Showing Bearish Technicals With Support At $121.66

Nov 10, 2017 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on Nordson Corp (<a href="http://www.marketintelligencecenter.com/symbol/NDSN">NDSN</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Dec 15, 2017 $120 covered call for a net debit in the $116.85 area. That is also the break-even stock price for the covered call. This trade will return 2.68%, or 28.02% annualized (for comparison purposes only), in 35 days. This covered call also provides 5.49% downside protection. The current 52-week low is $100.76 and the 52-week high is $131.49. Nordson Corp stock has been showing support around $121.66 and resistance in the $126.78 range. The stock closed Nov 9, 2017's trading session at $123.66.A

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