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Raven Industries Inc (RAVN) Showing Resistance Near $35.73

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

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Raven Industries Inc (<a href="http://www.marketintelligencecenter.com/symbol/RAVN">RAVN</a>). Look at the May 18, 2018 $30 covered call for a net debit in the $29.05 area.<br /> <br /> This trade has a duration of 98 days. The break-even point of this trade is the same as the net debit, which gives this trade 15.42% downside protection. If the stock closes at or above $30 at expiration this trade will return 3.27% or 12.17% (for comparison purposes only). <br /> <br /> RAVN closed Feb 8, 2018's trading session at $34.34. In the past year, the stock has hit a 52-week low of $23.95 and 52-week high of $40.85. Raven Industries Inc stock has been showing support around $33.39 and resistance in the $35.73 range. Recent technical indicators for the stock are bearish.

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