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Virtusa Corp (VRTU) Trading Near $51.62 Resistance Level

Mar 08, 2018 ( via COMTEX) --

For a hedged play on Virtusa Corp (<a href="">VRTU</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Aug 17, 2018 $45 covered call for a net debit in the $42.37 area. That is also the break-even stock price for the covered call. This trade will return 6.18%, or 13.92% annualized (for comparison purposes only), in 162 days. This covered call also provides 15.20% downside protection. The current 52-week low is $25.72 and the 52-week high is $50.83. Virtusa Corp stock has been showing support around $47.99 and resistance in the $51.62 range. The stock closed Mar 7, 2018's trading session at $49.97.A

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