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Techne (TECH) Trading Near $138.93 Resistance Level

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

For a hedged play on Techne (<a href="http://www.marketintelligencecenter.com/symbol/TECH">TECH</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Apr 20, 2018 $130 covered call for a net debit in the $126.46 area. That is also the break-even stock price for the covered call. This trade will return 2.79%, or 14.59% annualized (for comparison purposes only), in 70 days. This covered call also provides 4.16% downside protection. The current 52-week low is $98.22 and the 52-week high is $143.64. Techne stock has been showing support around $128.39 and resistance in the $138.93 range. The stock closed Feb 8, 2018's trading session at $131.96.A

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