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Prosperity Bancshares (PB) Showing Bearish Technicals With Resistance At $69.97

Dec 07, 2017 ( via COMTEX) --

After Dec 6, 2017aEUR(TM)s trading in Prosperity Bancshares (<a href="">PB</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 3.12% or 11.52% (for comparison purposes only), while providing 7.75% downside protection. The trade is a Mar 16, 2018 covered call at the $65 level for a net debit of about $63.03. The net debit is also the breakeven point for this trade. Technical indicators for the stock have been bearish recently and support and resistance have been in the area of $66.42 and $69.97, respectively.

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