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Penn National Gaming (PENN) Showing Bearish Technicals With Support At $24.88

Feb 09, 2018 ( via COMTEX) --

After Feb 8, 2018aEUR(TM)s trading in Penn National Gaming (<a href="">PENN</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 4.58% or 23.91% (for comparison purposes only), while providing 8.29% downside protection. The trade is a Apr 20, 2018 covered call at the $26 level for a net debit of about $24.85. 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 $24.88 and $30.98, respectively.

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