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Pilgrim's Pride (PPC) Showing Bearish Technicals

Mar 08, 2018 ( via COMTEX) --'s option-trade picking algorithms have identified an attractive covered-call trade on Pilgrim's Pride (<a href="">PPC</a>). Look at the Sep 21, 2018 $24 covered call for a net debit in the $21.60 area.<br /> <br /> This trade has a duration of 197 days. The break-even point of this trade is the same as the net debit, which gives this trade 11.11%. If the stock closes at or above $24 at expiration this trade will return 11.11% or 20.58% (for comparison purposes only). <br /> <br /> PPC closed Mar 7, 2018's trading session at $24.29. In the past year, the stock has hit a 52-week low of $20.28 and 52-week high of $38.39. Pilgrim's Pride stock has been showing support around $23.37 and resistance in the $24.91 range. Technical indicators for the stock are bearish and S&P gives PPC 3 STARS (out of 5) hold ranking.

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