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Pinnacle Entertainment (PNK) Trading Near $31.47 Resistance Level

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

A covered call identified by MarketIntelligececenter.com's patented algorithm on Pinnacle Entertainment (<a href="http://www.marketintelligencecenter.com/symbol/PNK">PNK</a>) could yield about 4.71% (17.37% annualized, for comparison purposes only) in 99 days. Pair a long position in the stock with the Mar 16, 2018 $30 call for a net debit of about $28.64. This position also has 8.02% downside protection. Pinnacle Entertainment closed at $31.14 Dec 6, 2017. Technical indicators for PNK are bearish and support and resistance have been about $30.64 and $31.47, respectively.A

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