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Oclaro Inc (OCLR) Showing Bearish Technicals

Mar 08, 2018 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Oclaro Inc (<a href="">OCLR</a>). Look at the Jan 18, 2019 $7 covered call for a net debit in the $5.91 area.<br /> <br /> This trade has a duration of 316 days. The break-even point of this trade is the same as the net debit, which gives this trade 23.84% downside protection. If the stock closes at or above $7 at expiration this trade will return 18.44% or 21.30% (for comparison purposes only). <br /> <br /> OCLR closed Mar 7, 2018's trading session at $7.76. In the past year, the stock has hit a 52-week low of $5.61 and 52-week high of $10.93. Oclaro Inc stock has been showing support around $7.51 and resistance in the $7.99 range. Recent technical indicators for the stock are bearish.

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