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Redfin Corp (RDFN) Showing Bearish Technicals With Support At $21.24

After May 16, 2018’s trading in Redfin Corp (RDFN) the algorithms behind MarketIntelligenceCenter.com's Artifical Intelligence Center picked out a trade that offers a 4.49% or 17.82% (for comparison purposes only), while providing 12.76% downside protection.

The trade is a Aug 17, 2018 covered call at the $20 level for a net debit of about $19.14. The net debit is also the breakeven point for this trade.

Technical indicators for the stock have been bearish recently and support and resistance have been in the area of $21.24 and $22.61, respectively.