Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
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

Westamerica Bancorp (WABC) Showing Resistance Near $61.19

Jan 03, 2018 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Westamerica Bancorp (<a href="http://www.marketintelligencecenter.com/symbol/WABC">WABC</a>). Look at the Jul 20, 2018 $55 covered call for a net debit in the $52.85 area.<br /> <br /> This trade has a duration of 198 days. The break-even point of this trade is the same as the net debit, which gives this trade 10.95% downside protection. If the stock closes at or above $55 at expiration this trade will return 4.04% or 7.46% (for comparison purposes only). <br /> <br /> WABC closed Jan 2, 2018's trading session at $59.36. In the past year, the stock has hit a 52-week low of $49.38 and 52-week high of $64.91. Westamerica Bancorp stock has been showing support around $57.99 and resistance in the $61.19 range. Recent technical indicators for the stock are bearish.

(C) Copyright 2018, Marketintelligencecenter.com. All rights reserved.

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 63.85
Nat Gas 3.072
Corn 347 4/8
Cotton #2 81.16
Gold 1335.5
Copper 3.1915
Euro 1.22675
USD Index 90.465
SP500 E-mini 2801.50
DJIA E-mini 26031
close_icon
open_icon