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Spartan Stores (SPTN) Trading Near $26.95 Resistance Level

Dec 07, 2017 ( via COMTEX) --

After Dec 6, 2017aEUR(TM)s trading in Spartan Stores (<a href="">SPTN</a>) the option-trade picking algorithms that power's Artificial Intelligence Center uncovered a trade that offers a 6.74% return, or 18.37% annualized (for comparison purposes only), while providing 9.64% downside protection. The trade is a Apr 20, 2018 covered call at the $25 level for a net debit of about $23.42. The net debit is also the breakeven point for this trade. Standard & PooraEUR(TM)s has a 3 STARS (out of 5) hold ranking on Spartan Stores. Technical indicators for the stock have been bearish and support and resistance have been in the area of $25.37 and $26.95, respectively.

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