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Viavi Solutions (VIAV) Showing Bearish Technicals With Resistance At $8.94

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

For a hedged play on Viavi Solutions (<a href="http://www.marketintelligencecenter.com/symbol/VIAV">VIAV</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jan 18, 2019 $8 covered call for a net debit in the $6.90 area. That is also the break-even stock price for the covered call. This trade will return 15.94%, or 14.29% annualized (for comparison purposes only), in 407 days. This covered call also provides 20.96% downside protection. The current 52-week low is $8.13 and the 52-week high is $11.89. Viavi Solutions stock has been showing support around $8.62 and resistance in the $8.94 range. The stock closed Dec 6, 2017's trading session at $8.72.A

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