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DJ-UBS Sugar TR Sub-Idx ETN Ipath (SGG) Showing Bearish Technicals With Resistance At $27.63

Feb 14, 2018 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on DJ-UBS Sugar TR Sub-Idx ETN Ipath (<a href="">SGG</a>). Look at the May 18, 2018 $27 covered call for a net debit in the $25.72 area.<br /> <br /> This trade has a duration of 93 days. The break-even point of this trade is the same as the net debit, which gives this trade 4.98% downside protection. If the stock closes at or above $27 at expiration this trade will return 4.93% or 19.37% (for comparison purposes only). <br /> <br /> SGG closed Feb 13, 2018's trading session at $27.07. In the past year, the stock has hit a 52-week low of $26.12 and 52-week high of $46.46. DJ-UBS Sugar TR Sub-Idx ETN Ipath stock has been showing support around $26.57 and resistance in the $27.63 range. Recent technical indicators for the stock are bearish.

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