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Westamerica Bancorp (WABC) Trading Near $59.58 Resistance Level

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

After Feb 8, 2018aEUR(TM)s trading in Westamerica Bancorp (<a href="http://www.marketintelligencecenter.com/symbol/WABC">WABC</a>) the option-trade picking algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center uncovered a trade that offers a 2.09% return, or 10.93% annualized (for comparison purposes only), while providing 3.32% downside protection. The trade is a Apr 20, 2018 covered call at the $55 level for a net debit of about $53.86. The net debit is also the breakeven point for this trade. Standard & PooraEUR(TM)s has a 3 STARS (out of 5) hold ranking on Westamerica Bancorp. Technical indicators for the stock have been bearish and support and resistance have been in the area of $53.78 and $59.58, respectively.

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