Allegiant Travel Com (ALGT) Showing Bearish Technicals With Support At $156.52
Apr 20, 2017 (Marketintelligencecenter.com via COMTEX) —
MarketIntelligenceCenter.com’s option-trade picking algorithms have identified an attractive covered-call trade on Allegiant Travel Com (<a href=”http://www.marketintelligencecenter.com/symbol/ALGT”>ALGT</a>). Look at the May 19, 2017 $155 covered call for a net debit in the $151.55 area.<br /> <br /> This trade has a duration of 29 days. The break-even point of this trade is the same as the net debit, which gives this trade 5.13%. If the stock closes at or above $155 at expiration this trade will return 2.27% or 28.65% (for comparison purposes only). <br /> <br /> ALGT closed Apr 19, 2017’s trading session at $159.75. In the past year, the stock has hit a 52-week low of $121.70 and 52-week high of $182.66. Allegiant Travel Com stock has been showing support around $156.52 and resistance in the $162.32 range. Technical indicators for the stock are bearish and S&P gives ALGT 2 STARS (out of 5) sell ranking.
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