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Nordson Corp (NDSN) Showing Bearish Technicals With Support At $123.51

Dec 07, 2017 ( via COMTEX) --

For a hedged play on Nordson Corp (<a href="">NDSN</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jan 19, 2018 $125 covered call for a net debit in the $120.60 area. That is also the break-even stock price for the covered call. This trade will return 3.63%, or 30.89% annualized (for comparison purposes only), in 43 days. This covered call also provides 4.58% downside protection. The current 52-week low is $103.76 and the 52-week high is $131.49. Nordson Corp stock has been showing support around $123.51 and resistance in the $128.91 range. The stock closed Dec 6, 2017's trading session at $126.41.A

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