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Wingstop Inc (WING) Showing Bearish Technicals

Feb 09, 2018 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Wingstop Inc (<a href="">WING</a>). Look at the Mar 16, 2018 $41.83 covered call for a net debit in the $40.46 area.<br /> <br /> This trade has a duration of 35 days. The break-even point of this trade is the same as the net debit, which gives this trade 7.95% downside protection. If the stock closes at or above $41.83 at expiration this trade will return 3.36% or 35.04% (for comparison purposes only). <br /> <br /> WING closed Feb 8, 2018's trading session at $43.97. In the past year, the stock has hit a 52-week low of $24.74 and 52-week high of $49.69. Wingstop Inc stock has been showing support around $42.67 and resistance in the $46.29 range. Recent technical indicators for the stock are bearish.

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