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Lumber Liquidators (LL) Showing Bearish Technicals With Resistance At $28.11

Feb 12, 2018 ( via COMTEX) --

A covered call identified by's patented algorithms on Lumber Liquidators (<a href="">LL</a>) could yield about 10.27% (20.19% annualized, for comparison purposes only) in 186 days. Pair a long position in the stock with the Aug 17, 2018 $24 call for a net debit of about $21.75. This position also has 18.98% downside protection. For a less expensive, but riskier, option consider a diagonal spread using the same sold call and a long position in the Jan 18, 2019 $5 call for a net debit of about $17.82. While this trade has a higher yield at 6.44%, the downside protection falls to 18.98%. Lumber Liquidators closed at $26.85 Feb 9, 2018. Technical indicators for LL are bearish and support and resistance have been about $24.77 and $28.11, respectively.A

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