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Nuance Communications (NUAN) Showing Support Near $15.68

Feb 09, 2018 ( via COMTEX) --

For a hedged play on Nuance Communications (<a href="">NUAN</a>) MarketIntelligenceCenter.comaEUR(TM)s patented trade-picking algorithms selected a Jul 20, 2018 $16 covered call for a net debit in the $14.70 area. That is also the break-even stock price for the covered call. This trade will return 8.76%, or 19.88% annualized (for comparison purposes only), in 161 days. This covered call also provides 9.80% downside protection. A lower-cost play on Nuance Communications would use a longer term call option in place of the long position in the stock. Look at the Jan 18, 2019 $8 call and the same sold call for a net debit of $7.25.This trade only has 6.49% downside protection, but the assigned return rate rises to 10.34% or an annualized rate of 23.45% (for comparison purposes only). The current 52-week low is $14.02 and the 52-week high is $19.93. Nuance Communications stock has been showing support around $15.68 and resistance in the $17.54 range. The stock closed Feb 8, 2018's trading session at $16.30.A

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