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DJ-UBS Sugar TR Sub-Idx ETN Ipath (SGG) Showing Bearish Technicals

Mar 13, 2017 ( via COMTEX) --

After Mar 10, 2017aEUR(TM)s trading in DJ-UBS Sugar TR Sub-Idx ETN Ipath (<a href="">SGG</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 2.98% or 27.94% (for comparison purposes only), while providing 3.35% downside protection. The trade is a Apr 21, 2017 covered call at the $40 level for a net debit of about $38.82. 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 $39.44 and $40.74, respectively.

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