Return to News Categories

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

Spectrum Pharmaceuticals (SPPI) Showing Bearish Technicals With Resistance At $21.19

Feb 09, 2018 ( via COMTEX) --

After Feb 8, 2018aEUR(TM)s trading in Spectrum Pharmaceuticals (<a href="">SPPI</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 9.80% or 22.23% (for comparison purposes only), while providing 30.87% downside protection. The trade is a Jul 20, 2018 covered call at the $15 level for a net debit of about $13.66. The net debit is also the breakeven point for this trade. Technical indicators for the stock have been bearish recently and support and resistance have been in the area of $19.05 and $21.19, respectively.

(C) Copyright 2018, All rights reserved. ********************************************************************** As of Monday, 02-05-2018 23:59, the latest Comtex SmarTrend® Alert, an automated pattern recognition system,

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 61.74
Nat Gas 2.648
Corn 368 6/8
Cotton #2 77.40
Gold 1339.9
Copper 3.1815
Euro 1.23585
USD Index 89.570
SP500 E-mini 2715.50
DJIA E-mini 25047