Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

Novanta Inc (NOVT) Showing Bearish Technicals With Resistance At $52.72

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

For a hedged play on Novanta Inc (<a href="http://www.marketintelligencecenter.com/symbol/NOVT">NOVT</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Feb 16, 2018 $50 covered call for a net debit in the $48.05 area. That is also the break-even stock price for the covered call. This trade will return 4.05%, or 15.11% annualized (for comparison purposes only), in 98 days. This covered call also provides 7.32% downside protection. The current 52-week low is $18.20 and the 52-week high is $53.95. Novanta Inc stock has been showing support around $50.12 and resistance in the $52.72 range. The stock closed Nov 9, 2017's trading session at $51.84.A

(C) Copyright 2017, Marketintelligencecenter.com. All rights reserved.

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 56.65
Nat Gas 3.126
Corn 343
Cotton #2 69.35
Gold 1295.4
Copper 3.0690
Euro 1.18185
USD Index 93.540
SP500 E-mini 2578.75
DJIA E-mini 23340
close_icon
open_icon