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Northern Trust (NTRS) Trading Near $109.61 Resistance Level

Mar 08, 2018 ( via COMTEX) --

For a hedged play on Northern Trust (<a href="">NTRS</a>) MarketIntelligenceCenter.comaEUR(TM)s patented trade-picking algorithms recommend the Apr 20, 2018 $105 covered call for a net debit in the $102.92 area. That is also the break-even stock price for the covered call. This trade will return 2.02%, or 17.15% annualized (for comparison purposes only), in 43 days. This covered call also provides 4.36% downside protection. The current 52-week low is $83.17 and the 52-week high is $109.89. Northern Trust stock has been showing support around $104.69 and resistance in the $109.61 range. The stock closed Mar 7, 2018's trading session at $107.62. Technical indicators for the stock are bearish and S&P gives NTRS a 3 STARS (out of 5) hold ranking.

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