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Pinnacle Entertainment (PNK) Showing Bearish Technicals With Support At $25.82

Nov 10, 2017 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Pinnacle Entertainment (<a href="">PNK</a>). Look at the Mar 16, 2018 $25 covered call for a net debit in the $23.32 area.<br /> <br /> This trade has a duration of 126 days. The break-even point of this trade is the same as the net debit, which gives this trade 13.36% downside protection. If the stock closes at or above $25 at expiration this trade will return 7.15% or 20.73% (for comparison purposes only). <br /> <br /> PNK closed Nov 9, 2017's trading session at $26.93. In the past year, the stock has hit a 52-week low of $12.93 and 52-week high of $27.37. Pinnacle Entertainment stock has been showing support around $25.82 and resistance in the $27.88 range. Recent technical indicators for the stock are bearish.

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