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Prosperity Bancshares (PB) Trading Near $75.09 Resistance Level

Feb 09, 2018 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Prosperity Bancshares (<a href="">PB</a>). Look at the Mar 16, 2018 $70 covered call for a net debit in the $68.11 area.<br /> <br /> This trade has a duration of 35 days. The break-even point of this trade is the same as the net debit, which gives this trade 4.48% downside protection. If the stock closes at or above $70 at expiration this trade will return 2.75% or 28.78% (for comparison purposes only). <br /> <br /> PB closed Feb 8, 2018's trading session at $71.31. In the past year, the stock has hit a 52-week low of $55.84 and 52-week high of $77.89. Prosperity Bancshares stock has been showing support around $69.43 and resistance in the $75.09 range. Recent technical indicators for the stock are bearish.

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