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SkyWest (SKYW) Showing Resistance Near $54.87

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

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on SkyWest (<a href="http://www.marketintelligencecenter.com/symbol/SKYW">SKYW</a>). Look at the Mar 16, 2018 $50 covered call for a net debit in the $48.89 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 8.25% downside protection. If the stock closes at or above $50 at expiration this trade will return 2.24% or 23.45% (for comparison purposes only). <br /> <br /> SKYW closed Feb 8, 2018's trading session at $53.29. In the past year, the stock has hit a 52-week low of $30.40 and 52-week high of $58. SkyWest stock has been showing support around $52.47 and resistance in the $54.87 range. Recent technical indicators for the stock are bearish.

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