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NN Inc (NNBR) Trading Near $27.38 Support Level

Dec 07, 2017 (Marketintelligencecenter.com via COMTEX) --

A covered call identified by MarketIntelligececenter.com's patented algorithm on NN Inc (<a href="http://www.marketintelligencecenter.com/symbol/NNBR">NNBR</a>) could yield about 7.99% (15.35% annualized, for comparison purposes only) in 190 days. Pair a long position in the stock with the Jun 15, 2018 $25 call for a net debit of about $23.15. This position also has 16.87% downside protection. NN Inc closed at $27.85 Dec 6, 2017. Technical indicators for NNBR are bearish and support and resistance have been about $27.38 and $28.38, respectively.A

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