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Landstar System (LSTR) Showing Bearish Technicals With Resistance At $99.63

Nov 10, 2017 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Landstar System (<a href="http://www.marketintelligencecenter.com/symbol/LSTR">LSTR</a>). Look at the Dec 15, 2017 $95 covered call for a net debit in the $93.09 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 3.52% downside protection. If the stock closes at or above $95 at expiration this trade will return 2.04% or 21.28% (for comparison purposes only). <br /> <br /> LSTR closed Nov 9, 2017's trading session at $96.50. In the past year, the stock has hit a 52-week low of $77.72 and 52-week high of $102.55. Landstar System stock has been showing support around $94.83 and resistance in the $99.63 range. Recent technical indicators for the stock are bearish.

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