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RBC Bearings (ROLL) Trading Near $122.96 Support Level

Jan 03, 2018 ( via COMTEX) --

For a hedged play on RBC Bearings (<a href="">ROLL</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Feb 16, 2018 $125 covered call for a net debit in the $122.01 area. That is also the break-even stock price for the covered call. This trade will return 2.45%, or 20.32% annualized (for comparison purposes only), in 44 days. This covered call also provides 3.55% downside protection. The current 52-week low is $87.61 and the 52-week high is $139.95. RBC Bearings stock has been showing support around $122.96 and resistance in the $130.20 range. The stock closed Jan 2, 2018's trading session at $126.51.A

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