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Urban Outfitters (URBN) Showing Bearish Technicals With Resistance At $25.98

Nov 10, 2017 ( via COMTEX) --

For a hedged play on Urban Outfitters (<a href="">URBN</a>) MarketIntelligenceCenter.comaEUR(TM)s algorithms selected the Jun 15, 2018 $24 covered call for a net debit in the $20.96 area. That is also the break-even stock price for the covered call. This trade will return 14.44%, or 24.30% annualized (for comparison purposes only), in 217 days. This covered call also provides 16.01% downside protection. A lower-cost play on Urban Outfitters would use a longer term call option in place of the long position in the stock. Look at the Jan 18, 2019 $15 call and the same sold call for a net debit of $7.55.This trade only has 9.69% downside protection, but the assigned return rate rises to A19.20% or an annualized rate of 32.30% (for comparison purposes only). The current 52-week low is $16.19 and the 52-week high is $40.80. Urban Outfitters stock has been showing support around $23.40 and resistance in the $25.98 range. The stock closed Nov 9, 2017's trading session at $24.96. Technical indicators for the stock are bearish and S&P gives URBN a 3 STARS (out of 5) hold ranking.

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