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United Natural Foods (UNFI) Showing Bearish Technicals With Resistance At $29.49

Oct 12, 2018 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on United Natural Foods (<a href="http://www.marketintelligencecenter.com/symbol/UNFI">UNFI</a>). Look at the Feb 15, 2019 $25 covered call for a net debit in the $23.76 area.<br /> <br /> This trade has a duration of 126 days. The break-even point of this trade is the same as the net debit, which gives this trade 14.40% downside protection. If the stock closes at or above $25 at expiration this trade will return 5.21% or 15.11% (for comparison purposes only). <br /> <br /> UNFI closed Oct 11, 2018's trading session at $27.76. In the past year, the stock has hit a 52-week low of $27.19 and 52-week high of $52.69. United Natural Foods stock has been showing support around $26.33 and resistance in the $29.49 range. Recent technical indicators for the stock are bearish.

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