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Titan Machinery Inc (TITN) Showing Bearish Technicals With Resistance At $20.37

Feb 09, 2018 ( via COMTEX) --

For a hedged play on Titan Machinery Inc (<a href="">TITN</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Sep 21, 2018 $15 covered call for a net debit in the $13.68 area. That is also the break-even stock price for the covered call. This trade will return 9.56%, or 15.59% annualized (for comparison purposes only), in 224 days. This covered call also provides 26.35% downside protection. The current 52-week low is $11.68 and the 52-week high is $24.19. Titan Machinery Inc stock has been showing support around $17.69 and resistance in the $20.37 range. The stock closed Feb 8, 2018's trading session at $18.59.A

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