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SVB Financial Group (SIVB) Showing Bearish Technicals With Support At $216.63

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

For a hedged play on SVB Financial Group (<a href="http://www.marketintelligencecenter.com/symbol/SIVB">SIVB</a>) MarketIntelligenceCenter.comaEUR(TM)s patented trade-picking algorithms recommend the Mar 16, 2018 $220 covered call for a net debit in the $211.88 area. That is also the break-even stock price for the covered call. This trade will return 3.83%, or 39.96% annualized (for comparison purposes only), in 35 days. This covered call also provides 6.69% downside protection. The current 52-week low is $159.44 and the 52-week high is $263.09. SVB Financial Group stock has been showing support around $216.63 and resistance in the $247.73 range. The stock closed Feb 8, 2018's trading session at $227.08. Technical indicators for the stock are bearish and S&P gives SIVB a 3 STARS (out of 5) hold ranking.

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