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Wix.Com Ltd (WIX) Showing Bearish Technicals With Resistance At $63.08

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

Wix.Com Ltd (<a href="http://www.marketintelligencecenter.com/symbol/WIX">WIX</a>) closed Feb 8, 2018 at $58.25 and technical indicators recently have been bearish. With those figures in place, the algorithms behind MarketIntelligenceCenter.com's Artificial Intelligence Center have identified a couple of attractive trading opportunities in Wix.Com Ltd for today. For investors looking for a high return, a diagonal spread pairing a long position in the Jan 18, 2019 $30 call and a short position in the Apr 20, 2018 $55 call for a net debit of about $23.75. This trade has an assigned return of 5.26% and 7.72% downside protection. For more a more conservative play, look at a covered call using the Apr 20, 2018 $55 call for a $23.75 net debit. This trade has an assigned return of 7.73% but the downside protection increases to 12.36%. Over the last 52 weeks the stock has traded between $50.90 and $86.15.A

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