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Stratasys (SSYS) Showing Bearish Technicals

Mar 08, 2018 ( via COMTEX) --

After Mar 7, 2018aEUR(TM)s trading in Stratasys (<a href="">SSYS</a>)'s patented algorithms uncovered a trade that offers a 10.86% return or 20.13% on an annualized basis (for comparison purposes only), while providing 18.51% downside protection. The trade is a Sep 21, 2018 covered call at the $20 level for a net debit of about $18.03. The net debit is also the breakeven point for this trade. For a higher return, consider buying a longer-term call option, like the Jan 18, 2019 at the $12.50 level. By buying the call for $10.44 instead of paying about $22.13 for the stock, the assigned return rate for this alternate trade is 18.11%, but the stock has to finish above $18.85 when the sold call expires for this trade to be profitable. Standard & PooraEUR(TM)s has a 3 STARS (out of 5) hold ranking on Stratasys. Technical indicators for the stock have been bearish and support and resistance have been in the area of $21.23 and $23.63, respectively.

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