Allegiant Travel Com (ALGT) Trading Near $122.87 Resistance Level
Nov 09, 2018 (Marketintelligencecenter.com via COMTEX) —
After Nov 8, 2018aEUR(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 3.95% return, or 34.32% annualized (for comparison purposes only), while providing 3.91% downside protection. The trade is a Dec 21, 2018 covered call at the $120 level for a net debit of about $115.43. 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 $117.75 and $122.87, respectively.
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