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Omnicell (OMCL) Trading Near $45.22 Resistance Level

Mar 08, 2018 ( via COMTEX) --

For a hedged play on Omnicell (<a href="">OMCL</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Aug 17, 2018 $40 covered call for a net debit in the $38.45 area. That is also the break-even stock price for the covered call. This trade will return 4.03%, or 9.08% annualized (for comparison purposes only), in 162 days. This covered call also provides 13.49% downside protection. The current 52-week low is $36.65 and the 52-week high is $55.40. Omnicell stock has been showing support around $43.92 and resistance in the $45.22 range. The stock closed Mar 7, 2018's trading session at $44.45.A

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