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Potential Trimble Navigation (TRMB) Trade Targets 2.82% Return

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

For a hedged play on Trimble Navigation (<a href="http://www.marketintelligencecenter.com/symbol/TRMB">TRMB</a>) MarketIntelligenceCenter.comaEUR(TM)s patented trade-picking algorithms recommend the May 18, 2018 $35 covered call for a net debit in the $34.04 area. That is also the break-even stock price for the covered call. This trade will return 2.82%, or 10.50% annualized (for comparison purposes only), in 98 days. This covered call also provides 13.47% downside protection. The current 52-week low is $30.45 and the 52-week high is $45.70. Trimble Navigation stock has been showing support around $38.29 and resistance in the $41.43 range. The stock closed Feb 8, 2018's trading session at $39.34. Technical indicators for the stock are bearish and S&P gives TRMB a 3 STARS (out of 5) hold ranking.

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