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Potential Northwest Pipe Co (NWPX) Trade Has 12.17% Downside Protection

Nov 10, 2017 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Northwest Pipe Co (<a href="">NWPX</a>). Look at the Jun 15, 2018 $17.50 covered call for a net debit in the $15.50 area.<br /> <br /> This trade has a duration of 217 days. The break-even point of this trade is the same as the net debit, which gives this trade 12.17% downside protection. If the stock closes at or above $17.50 at expiration this trade will return 12.83% or 21.58% (for comparison purposes only). <br /> <br /> NWPX closed Nov 9, 2017's trading session at $17.65. In the past year, the stock has hit a 52-week low of $12.41 and 52-week high of $21.11. Northwest Pipe Co stock has been showing support around $16.91 and resistance in the $18.07 range. Recent technical indicators for the stock are bearish.

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