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Uniti Group Inc (UNIT) Showing Bearish Technicals With Support At $13.45

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

After Feb 8, 2018aEUR(TM)s trading in Uniti Group Inc (<a href="http://www.marketintelligencecenter.com/symbol/UNIT">UNIT</a>) the algorithms behind MarketIntelligenceCenter.com's Artifical Intelligence Center picked out a trade that offers a 8.50% or 9.05% (for comparison purposes only), while providing 18.70% downside protection. The trade is a Jan 18, 2019 covered call at the $12.50 level for a net debit of about $11.51. 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 $13.45 and $15.61, respectively.

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