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Nordson Corp (NDSN) Showing Bearish Technicals With Support At $130.93

Feb 09, 2018 (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 Mar 16, 2018 $130 covered call for a net debit in the $125.55 area. That is also the break-even stock price for the covered call. This trade will return 3.54%, or 36.96% annualized (for comparison purposes only), in 35 days. This covered call also provides 6.06% downside protection. The current 52-week low is $107.16 and the 52-week high is $151.84. Nordson Corp stock has been showing support around $130.93 and resistance in the $138.93 range. The stock closed Feb 8, 2018's trading session at $133.64.A

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