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Q2 Holdings Inc (QTWO) Trading Near $63.85 Resistance Level

Feb 11, 2019

Q2 Holdings Inc (QTWO) Trading Near $63.85 Resistance Level

Feb 11, 2019 (Marketintelligencecenter.com via COMTEX News Network) -- For a hedged play on Q2 Holdings Inc (QTWO), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Mar 15, 2019 $60 covered call for a net debit in the $58.39 area. That is also the break-even stock price for the covered call. This trade will return 2.73%, or 31.25% annualized (for comparison purposes only), in 32 days. This covered call also provides 7.15% downside protection. The current 52-week low is $40.10 and the 52-week high is $67.10. Q2 Holdings Inc stock has been showing support around $61.81 and resistance in the $63.85 range. The stock closed Feb 8, 2019's trading session at $62.89.A

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SOURCE: Comtex

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