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Potential Republic Bancorp Inc (RBCAA) Trade Targets 4.54% Return

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

A covered call identified by MarketIntelligececenter.com's patented algorithm on Republic Bancorp Inc (<a href="http://www.marketintelligencecenter.com/symbol/RBCAA">RBCAA</a>) could yield about 4.54% (8.76% annualized, for comparison purposes only) in 189 days. Pair a long position in the stock with the Aug 17, 2018 $35 call for a net debit of about $33.48. This position also has 8.97% downside protection. Republic Bancorp Inc closed at $36.77 Feb 8, 2018. Technical indicators for RBCAA are bearish and support and resistance have been about $35.96 and $38.32, respectively.A

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