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Renasant Corp (RNST) Trading Near $39.73 Support Level

Feb 09, 2018 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Renasant Corp (<a href="">RNST</a>). Look at the Mar 16, 2018 $40 covered call for a net debit in the $38.83 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 4.43% downside protection. If the stock closes at or above $40 at expiration this trade will return 3.01% or 31.42% (for comparison purposes only). <br /> <br /> RNST closed Feb 8, 2018's trading session at $40.63. In the past year, the stock has hit a 52-week low of $37.68 and 52-week high of $45.31. Renasant Corp stock has been showing support around $39.73 and resistance in the $42.39 range. Recent technical indicators for the stock are bearish.

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