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Woodward Inc (WWD) Trading Near $95.04 Resistance Level

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

For a hedged play on Woodward Inc (<a href="http://www.marketintelligencecenter.com/symbol/WWD">WWD</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Mar 16, 2018 $80 covered call for a net debit in the $78.43 area. That is also the break-even stock price for the covered call. This trade will return 2%, or 20.87% annualized (for comparison purposes only), in 35 days. This covered call also provides 5.42% downside protection. The current 52-week low is $65.22 and the 52-week high is $89.30. Woodward Inc stock has been showing support around $71.44 and resistance in the $95.04 range. The stock closed Feb 8, 2018's trading session at $82.93.A

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