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Merit Medical Systems (MMSI) Showing Bearish Technicals With Resistance At $43.97

Feb 09, 2018 (Marketintelligencecenter.com via COMTEX) --

A covered call identified by MarketIntelligececenter.com's patented algorithm on Merit Medical Systems (<a href="http://www.marketintelligencecenter.com/symbol/MMSI">MMSI</a>) could yield about 4.71% (10.68% annualized, for comparison purposes only) in 161 days. Pair a long position in the stock with the Jul 20, 2018 $40 call for a net debit of about $38.20. This position also has 9.26% downside protection. Merit Medical Systems closed at $42.09 Feb 8, 2018. Technical indicators for MMSI are bearish and support and resistance have been about $41.17 and $43.97, respectively.A

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