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Potential Titan Machinery Inc (TITN) Trade Has 17.41% Downside Protection

Dec 07, 2017 ( via COMTEX) --

A covered call identified by's patented algorithm on Titan Machinery Inc (<a href="">TITN</a>) could yield about 8.10% (15.57% annualized, for comparison purposes only) in 190 days. Pair a long position in the stock with the Jun 15, 2018 $20 call for a net debit of about $18.50. This position also has 17.41% downside protection. Titan Machinery Inc closed at $22.39 Dec 6, 2017. Technical indicators for TITN are bearish and support and resistance have been about $20.89 and $23.75, respectively.A

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