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

Open Text (OTEX) Trading Near $35.46 Resistance Level

Feb 09, 2018 (Marketintelligencecenter.com via COMTEX) --

A covered call identified by MarketIntelligececenter.com's patented algorithm on Open Text (<a href="http://www.marketintelligencecenter.com/symbol/OTEX">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

(C) Copyright 2018, 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 62.37
Nat Gas 2.565
Corn 367 4/8
Cotton #2 77.16
Gold 1348.9
Copper 3.2085
Euro 1.24350
USD Index 89.013
SP500 E-mini 2728.50
DJIA E-mini 25177
close_icon
open_icon