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Lumber Liquidators (LL) Showing Bearish Technicals With Resistance At $27.23

May 19, 2017 ( via COMTEX) --

For a hedged play on Lumber Liquidators (<a href="">LL</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jan 19, 2018 $26 covered call for a net debit in the $22.31 area. That is also the break-even stock price for the covered call. This trade will return 16.53%, or 24.64% annualized (for comparison purposes only), in 245 days. This covered call also provides 14.87% downside protection. The current 52-week low is $11.21 and the 52-week high is $26.90. Lumber Liquidators stock has been showing support around $24.61 and resistance in the $27.23 range. The stock closed May 18, 2017's trading session at $26.20.A

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