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Wix.Com Ltd (WIX) Showing Bearish Technicals With Resistance At $60.83

Jan 03, 2018 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Wix.Com Ltd (<a href="">WIX</a>). Look at the Feb 16, 2018 $55 covered call for a net debit in the $52.50 area.<br /> <br /> This trade has a duration of 44 days. The break-even point of this trade is the same as the net debit, which gives this trade 9.48% downside protection. If the stock closes at or above $55 at expiration this trade will return 4.76% or 39.50% (for comparison purposes only). <br /> <br /> WIX closed Jan 2, 2018's trading session at $58. In the past year, the stock has hit a 52-week low of $44.45 and 52-week high of $86.15. Wix.Com Ltd stock has been showing support around $55.63 and resistance in the $60.83 range. Recent technical indicators for the stock are bearish.

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