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Titan Machinery Inc (TITN) Showing Bearish Technicals With Support At $20.84

Jan 03, 2018 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Titan Machinery Inc (<a href="http://www.marketintelligencecenter.com/symbol/TITN">TITN</a>). Look at the Jun 15, 2018 $20 covered call for a net debit in the $18.57 area.<br /> <br /> This trade has a duration of 163 days. The break-even point of this trade is the same as the net debit, which gives this trade 14.30% downside protection. If the stock closes at or above $20 at expiration this trade will return 7.70% or 17.24% (for comparison purposes only). <br /> <br /> TITN closed Jan 2, 2018's trading session at $21.67. In the past year, the stock has hit a 52-week low of $11.68 and 52-week high of $23.12. Titan Machinery Inc stock has been showing support around $20.84 and resistance in the $22.34 range. Recent technical indicators for the stock are bearish.

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