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Potential Shoe Carnival Inc (SCVL) Trade Could Hit 11.23% Return

Mar 08, 2018 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Shoe Carnival Inc (<a href="">SCVL</a>). Look at the Sep 21, 2018 $20 covered call for a net debit in the $17.98 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 21.07% downside protection. If the stock closes at or above $20 at expiration this trade will return 11.23% or 20.81% (for comparison purposes only). <br /> <br /> SCVL closed Mar 7, 2018's trading session at $22.78. In the past year, the stock has hit a 52-week low of $15.07 and 52-week high of $28.38. Shoe Carnival Inc stock has been showing support around $22.23 and resistance in the $23.35 range. Recent technical indicators for the stock are bearish.

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