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Spartan Motors Inc (SPAR) Trading Near $15.55 Support Level

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

After Dec 6, 2017aEUR(TM)s trading in Spartan Motors Inc (<a href="http://www.marketintelligencecenter.com/symbol/SPAR">SPAR</a>) the algorithms behind MarketIntelligenceCenter.com's Artifical Intelligence Center picked out a trade that offers a 11.11% or 21.34% (for comparison purposes only), while providing 14.82% downside protection. The trade is a Jun 15, 2018 covered call at the $15 level for a net debit of about $13.50. 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 $15.55 and $16.35, respectively.

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