Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

Prosperity Bancshares (PB) Trading Near $75.09 Resistance Level

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

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Prosperity Bancshares (<a href="http://www.marketintelligencecenter.com/symbol/PB">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.

(C) Copyright 2018, Marketintelligencecenter.com. All rights reserved.

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 62.14
Nat Gas 2.573
Corn 367 4/8
Cotton #2 77.16
Gold 1349.9
Copper 3.1990
Euro 1.24060
USD Index 89.255
SP500 E-mini 2723.75
DJIA E-mini 25102
close_icon
open_icon