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Sun Hydraulics Cor (SNHY) Showing Bearish Technicals With Support At $51.22

Feb 09, 2018 ( via COMTEX) --

For a hedged play on Sun Hydraulics Cor (<a href="">SNHY</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Mar 16, 2018 $50 covered call for a net debit in the $48.09 area. That is also the break-even stock price for the covered call. This trade will return 3.97%, or 41.41% annualized (for comparison purposes only), in 35 days. This covered call also provides 8.55% downside protection. The current 52-week low is $34.17 and the 52-week high is $70.83. Sun Hydraulics Cor stock has been showing support around $51.22 and resistance in the $55.32 range. The stock closed Feb 8, 2018's trading session at $52.59.A

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