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National Instruments (NATI) Showing Bearish Technicals With Support At $42.14

Dec 07, 2017 ( via COMTEX) --

For a hedged play on National Instruments (<a href="">NATI</a>) MarketIntelligenceCenter.comaEUR(TM)s patented trade-picking algorithms recommend the Mar 16, 2018 $40 covered call for a net debit in the $39.14 area. That is also the break-even stock price for the covered call. This trade will return 2.19%, or 8.10% annualized (for comparison purposes only), in 99 days. This covered call also provides 7.99% downside protection. The current 52-week low is $29.80 and the 52-week high is $46.33. National Instruments stock has been showing support around $42.14 and resistance in the $43.04 range. The stock closed Dec 6, 2017's trading session at $42.54. Technical indicators for the stock are bearish and S&P gives NATI a 3 STARS (out of 5) hold ranking.

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