Allegiant Travel Com (ALGT) Showing Bearish Technicals With Support At $104.87

Allegiant Travel Com (ALGT) Showing Bearish Technicals With Support At $104.87

Jan 08, 2019 (Marketintelligencecenter.com via COMTEX) —



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After Jan 7, 2019aEUR(TM)s trading in Allegiant Travel Com (<a href=”http://www.marketintelligencecenter.com/symbol/ALGT”>ALGT</a>) the option-trade picking algorithms that power MarketIntelligenceCenter.com’s Artificial Intelligence Center uncovered a trade that offers a 4.63% return, or 44.50% annualized (for comparison purposes only), while providing 8.23% downside protection. The trade is a Feb 15, 2019 covered call at the $105 level for a net debit of about $100.34. The net debit is also the breakeven point for this trade. Standard & PooraEUR(TM)s has a 3 STARS (out of 5) hold ranking on Allegiant Travel Com. Technical indicators for the stock have been bearish and support and resistance have been in the area of $104.87 and $112.37, respectively.

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