Movado director buys 1,200 shares

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Bobby Raines 06/11/2014

Maurice Reznik, a member of the board of directors at Movado Group ( MOV ) , bought 1,200 shares of the company's common stock on June 6. At $40 per share, Reznik paid a total of $48,000 for the new shares.

IK-> The technicals for MOV ($38.98 down $0.89) are bearish with a neutral trend. Recent support has been around $36.85 and recent resistance has been near $40.88. Standard & Poor's does not follow the stock. Look at the Sept. 30/35 bull-put spread for a 50-cent credit. That's an 11.1% return and the stock has to fall 10.2% to cause a problem.  [InvestorsKeyhole, Various news and data services]




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Originally published on InvestorsObserver.com



This article appears in: Investing , Options

Referenced Stocks: MOV

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