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DJ-UBS Sugar TR Sub-Idx ETN Ipath (SGG) Showing Bearish Technicals With Resistance At $30.71

Sep 13, 2017 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on DJ-UBS Sugar TR Sub-Idx ETN Ipath (<a href="http://www.marketintelligencecenter.com/symbol/SGG">SGG</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Nov 17, 2017 $29 covered call for a net debit in the $27.95 area. That is also the break-even stock price for the covered call. This trade will return 3.75%, or 21.09% annualized (for comparison purposes only), in 65 days. This covered call also provides 5.57% downside protection. The current 52-week low is $26.50 and the 52-week high is $53.69. DJ-UBS Sugar TR Sub-Idx ETN Ipath stock has been showing support around $28.83 and resistance in the $30.71 range. The stock closed Sep 12, 2017's trading session at $29.60.A

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