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Potential Pilgrim's Pride (PPC) Trade Could Hit 7.91% Return

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

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Pilgrim's Pride (<a href="http://www.marketintelligencecenter.com/symbol/PPC">PPC</a>). Look at the Jun 15, 2018 $24 covered call for a net debit in the $22.24 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 11.53% downside protection. If the stock closes at or above $24 at expiration this trade will return 7.91% or 22.92% (for comparison purposes only). <br /> <br /> PPC closed Feb 8, 2018's trading session at $25.13. In the past year, the stock has hit a 52-week low of $18.10 and 52-week high of $38.39. Pilgrim's Pride stock has been showing support around $24.35 and resistance in the $26.71 range. Recent technical indicators for the stock are bearish.

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