Return to News Categories

Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

Encore Wire (WIRE) Trading Near $48.57 Resistance Level

Feb 09, 2018 ( via COMTEX) --

For a hedged play on Encore Wire (<a href="">WIRE</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the May 18, 2018 $45 covered call for a net debit in the $42.80 area. That is also the break-even stock price for the covered call. This trade will return 5.14%, or 19.14% annualized (for comparison purposes only), in 98 days. This covered call also provides 7.15% downside protection. The current 52-week low is $37.30 and the 52-week high is $52.65. Encore Wire stock has been showing support around $44.87 and resistance in the $48.57 range. The stock closed Feb 8, 2018's trading session at $46.09.A

(C) Copyright 2018, All rights reserved.

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 5834.60
Nat Gas 8.301
Corn 367 4/8
Cotton #2 77.16
Gold 1349.4
Copper 3.2385
Euro 1.24300
USD Index 89.013
SP500 E-mini 2736.25
DJIA E-mini 25236