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Pegasystems Inc (PEGA) Showing Bearish Technicals With Support At $48.25

Dec 07, 2017 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Pegasystems Inc (<a href="http://www.marketintelligencecenter.com/symbol/PEGA">PEGA</a>). Look at the Mar 16, 2018 $45 covered call for a net debit in the $43.04 area.<br /> <br /> This trade has a duration of 99 days. The break-even point of this trade is the same as the net debit, which gives this trade 12.41% downside protection. If the stock closes at or above $45 at expiration this trade will return 4.52% or 16.70% (for comparison purposes only). <br /> <br /> PEGA closed Dec 6, 2017's trading session at $49.15. In the past year, the stock has hit a 52-week low of $34.05 and 52-week high of $64.85. Pegasystems Inc stock has been showing support around $48.25 and resistance in the $49.75 range. Recent technical indicators for the stock are bearish.

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