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Potential Techne (TECH) Trade Has 5.61% Downside Protection

Mar 08, 2018 ( via COMTEX) --

For a hedged play on Techne (<a href="">TECH</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jul 20, 2018 $140 covered call for a net debit in the $136.18 area. That is also the break-even stock price for the covered call. This trade will return 2.79%, or 7.62% annualized (for comparison purposes only), in 134 days. This covered call also provides 5.61% downside protection. The current 52-week low is $98.22 and the 52-week high is $147.05. Techne stock has been showing support around $139.68 and resistance in the $149.36 range. The stock closed Mar 7, 2018's trading session at $144.28.A

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