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Tactile Systems Technology Inc (TCMD) Trading Near $34.13 Resistance Level

Mar 08, 2018 ( via COMTEX) --

For a hedged play on Tactile Systems Technology Inc (<a href="">TCMD</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jul 20, 2018 $30 covered call for a net debit in the $27.69 area. That is also the break-even stock price for the covered call. This trade will return 8.30%, or 22.61% annualized (for comparison purposes only), in 134 days. This covered call also provides 14.76% downside protection. The current 52-week low is $16.69 and the 52-week high is $37.88. Tactile Systems Technology Inc stock has been showing support around $30.19 and resistance in the $34.13 range. The stock closed Mar 7, 2018's trading session at $32.50.A

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