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LifePoint Hospitals (LPNT) Showing Bearish Technicals With Resistance At $46.34

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

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on LifePoint Hospitals (<a href="http://www.marketintelligencecenter.com/symbol/LPNT">LPNT</a>). Look at the Dec 15, 2017 $45 covered call for a net debit in the $43.47 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 4.08% downside protection. If the stock closes at or above $45 at expiration this trade will return 3.49% or 36.45% (for comparison purposes only). <br /> <br /> LPNT closed Nov 9, 2017's trading session at $45.33. In the past year, the stock has hit a 52-week low of $44.55 and 52-week high of $70.95. LifePoint Hospitals stock has been showing support around $44.04 and resistance in the $46.34 range. Recent technical indicators for the stock are bearish.

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