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Lumber Liquidators (LL) Showing Bearish Technicals With Support At $37.33

Sep 13, 2017 ( via COMTEX) --

After Sep 12, 2017aEUR(TM)s trading in Lumber Liquidators (<a href="">LL</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 3.67% or 36.20% (for comparison purposes only), while providing 7.51% downside protection. The trade is a Oct 20, 2017 covered call at the $37 level for a net debit of about $35.69. The net debit is also the breakeven point for this trade. Technical indicators for the stock have been bearish recently and support and resistance have been in the area of $37.33 and $39.71, respectively.

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