Teradata Corporation (TDC) Showing Bearish Technicals With Resistance At $31.24
Sep 11, 2017 (Marketintelligencecenter.com via COMTEX News Network) -- For a hedged play on Teradata Corporation (TDC) MarketIntelligenceCenter.comaEUR(TM)s patented trade-picking algorithms recommend the Jan 19, 2018 $30 covered call for a net debit in the $28.37 area. That is also the break-even stock price for the covered call. This trade will return 5.67%, or 15.92% annualized (for comparison purposes only), in 130 days. This covered call also provides 7.62% downside protection. The current 52-week low is $26.27 and the 52-week high is $33.32. Teradata Corporation stock has been showing support around $30.11 and resistance in the $31.24 range. The stock closed Sep 8, 2017's trading session at $30.73. Technical indicators for the stock are bearish and S&P gives TDC a 3 STARS (out of 5) hold ranking.
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