Allegiant Travel Com (ALGT) Showing Bearish Technicals With Support At $112.48
Nov 21, 2018 (Marketintelligencecenter.com via COMTEX) —
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For a hedged play on Allegiant Travel Com (<a href=”http://www.marketintelligencecenter.com/symbol/ALGT”>ALGT</a>) MarketIntelligenceCenter.comaEUR(TM)s patented trade-picking algorithms recommend the Dec 21, 2018 $115 covered call for a net debit in the $111.68 area. That is also the break-even stock price for the covered call. This trade will return 2.96%, or 36.05% annualized (for comparison purposes only), in 30 days. This covered call also provides 4.93% downside protection. The current 52-week low is $105.21 and the 52-week high is $181.45. Allegiant Travel Com stock has been showing support around $112.48 and resistance in the $122.48 range. The stock closed Nov 20, 2018’s trading session at $117.48. Technical indicators for the stock are bearish and S&P gives ALGT a 3 STARS (out of 5) hold ranking.
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