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Potential Woodward Inc (WWD) Trade Has 5.67% Downside Protection

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

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Woodward Inc (<a href="http://www.marketintelligencecenter.com/symbol/WWD">WWD</a>). Look at the Apr 20, 2018 $75 covered call for a net debit in the $71.43 area.<br /> <br /> This trade has a duration of 134 days. The break-even point of this trade is the same as the net debit, which gives this trade 5.67% downside protection. If the stock closes at or above $75 at expiration this trade will return 4.99% or 13.61% (for comparison purposes only). <br /> <br /> WWD closed Dec 6, 2017's trading session at $75.73. In the past year, the stock has hit a 52-week low of $65.22 and 52-week high of $82.94. Woodward Inc stock has been showing support around $74.79 and resistance in the $76.99 range. Recent technical indicators for the stock are bearish.

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