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Potential Freightcar America (RAIL) Trade Has 19.14% Downside Protection

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

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Freightcar America (<a href="http://www.marketintelligencecenter.com/symbol/RAIL">RAIL</a>). Look at the Sep 21, 2018 $12.50 covered call for a net debit in the $11.39 area.<br /> <br /> This trade has a duration of 224 days. The break-even point of this trade is the same as the net debit, which gives this trade 19.14% downside protection. If the stock closes at or above $12.50 at expiration this trade will return 9.64% or 15.72% (for comparison purposes only). <br /> <br /> RAIL closed Feb 8, 2018's trading session at $14.10. In the past year, the stock has hit a 52-week low of $12.07 and 52-week high of $20.46. Freightcar America stock has been showing support around $13.81 and resistance in the $14.67 range. Recent technical indicators for the stock are bearish.

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