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Renasant Corp (RNST) Showing Bearish Technicals

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

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Renasant Corp (<a href="http://www.marketintelligencecenter.com/symbol/RNST">RNST</a>). Look at the Mar 16, 2018 $40 covered call for a net debit in the $38.91 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 6.48% downside protection. If the stock closes at or above $40 at expiration this trade will return 2.77% or 10.23% (for comparison purposes only). <br /> <br /> RNST closed Dec 6, 2017's trading session at $41.61. In the past year, the stock has hit a 52-week low of $37.68 and 52-week high of $45.31. Renasant Corp stock has been showing support around $41.06 and resistance in the $42.66 range. Recent technical indicators for the stock are bearish.

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