Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

Wright Medical Group (WMGI) Showing Bearish Technicals With Resistance At $23.53

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

After Dec 6, 2017aEUR(TM)s trading in Wright Medical Group (<a href="http://www.marketintelligencecenter.com/symbol/WMGI">WMGI</a>) the option-trade picking algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center uncovered a trade that offers a 7.96% return, or 17.94% annualized (for comparison purposes only), while providing 9.93% downside protection. The trade is a May 18, 2018 covered call at the $22.50 level for a net debit of about $20.83. 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 Wright Medical Group. Technical indicators for the stock have been bearish and support and resistance have been in the area of $22.73 and $23.53, respectively.

(C) Copyright 2017, Marketintelligencecenter.com. All rights reserved.

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 57.52
Nat Gas 2.801
Corn 350 6/8
Cotton #2 73.67
Gold 1252.7
Copper 2.9805
Euro 1.17995
USD Index 93.750
SP500 E-mini 2654.25
DJIA E-mini 24372
close_icon
open_icon