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Northern Trust (NTRS) Showing Bearish Technicals

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

For a hedged play on Northern Trust (<a href="http://www.marketintelligencecenter.com/symbol/NTRS">NTRS</a>) MarketIntelligenceCenter.comaEUR(TM)s patented trade-picking algorithms recommend the Jan 19, 2018 $90 covered call for a net debit in the $87.95 area. That is also the break-even stock price for the covered call. This trade will return 2.31%, or 12.09% annualized (for comparison purposes only), in 70 days. This covered call also provides 4.55% downside protection. The current 52-week low is $76.87 and the 52-week high is $99.30. Northern Trust stock has been showing support around $90.23 and resistance in the $94.09 range. The stock closed Nov 9, 2017's trading session at $92.16. Technical indicators for the stock are bearish and S&P gives NTRS a 3 STARS (out of 5) hold ranking.

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