Allegiant Travel Com (ALGT) Trading Near $150.12 Support Level
Jan 12, 2018 (Marketintelligencecenter.com via COMTEX) —
MarketIntelligenceCenter.com’s patented 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 Feb 16, 2018 $160 covered call for a net debit in the $154.45 area.<br /> <br /> This trade has a duration of 35 days. The break-even point of this trade is the same as the net debit, which gives this trade 5.33% downside protection. If the stock closes at or above $160 at expiration this trade will return 3.59% or 37.47% (for comparison purposes only). <br /> <br /> ALGT closed Jan 11, 2018’s trading session at $163.14. In the past year, the stock has hit a 52-week low of $111.54 and 52-week high of $180.40. Allegiant Travel Com stock has been showing support around $150.12 and resistance in the $171.52 range. Recent technical indicators for the stock are bearish.
(C) Copyright 2018, Marketintelligencecenter.com. All rights reserved.