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Potential Freightcar America (RAIL) Trade Could Hit 7.38% Return

Mar 08, 2018 ( via COMTEX) --

A covered call identified by's patented algorithm on Freightcar America (<a href="">RAIL</a>) could yield about 7.38% (13.68% annualized, for comparison purposes only) in 197 days. Pair a long position in the stock with the Sep 21, 2018 $12.50 call for a net debit of about $11.63. This position also has 19.94% downside protection. Freightcar America closed at $14.53 Mar 7, 2018. Technical indicators for RAIL are bearish and support and resistance have been about $13.96 and $14.94, respectively.A

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