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Westamerica Bancorp (WABC) Showing Bearish Technicals With Support At $60.41

Dec 07, 2017 ( via COMTEX) --

After Dec 6, 2017aEUR(TM)s trading in Westamerica Bancorp (<a href="">WABC</a>) the option-trade picking algorithms that power's Artificial Intelligence Center uncovered a trade that offers a 2.02% return, or 17.17% annualized (for comparison purposes only), while providing 3.68% downside protection. The trade is a Jan 19, 2018 covered call at the $60 level for a net debit of about $58.81. 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 Westamerica Bancorp. Technical indicators for the stock have been bearish and support and resistance have been in the area of $60.41 and $62.35, respectively.

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