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Open Text (OTEX) Trading Near $35.46 Resistance Level

Feb 09, 2018 ( via COMTEX) --

A covered call identified by's patented algorithm on Open Text (<a href="">OTEX</a>) could yield about 3.41% (6.59% annualized, for comparison purposes only) in 189 days. Pair a long position in the stock with the Aug 17, 2018 $30 call for a net debit of about $29.01. This position also has 15.44% downside protection. Open Text closed at $34.31 Feb 8, 2018. Technical indicators for OTEX are bearish and support and resistance have been about $33.74 and $35.46, respectively.A

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