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Callon Petroleum (CPE) Trading Near $13.69 Resistance Level

Apr 17, 2018 (Marketintelligencecenter.com via COMTEX) --

After Apr 16, 2018aEUR(TM)s trading in Callon Petroleum (<a href="http://www.marketintelligencecenter.com/symbol/CPE">CPE</a>) the algorithms behind MarketIntelligenceCenter.com's Artifical Intelligence Center picked out a trade that offers a 9.38% or 18.52% (for comparison purposes only), while providing 17.33% downside protection. The trade is a Oct 19, 2018 covered call at the $12 level for a net debit of about $10.96. The net debit is also the breakeven point for this trade. Technical indicators for the stock have been bearish recently and support and resistance have been in the area of $12.74 and $13.69, respectively.

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