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DJ-UBS Sugar TR Sub-Idx ETN Ipath (SGG) Showing Bearish Technicals With Resistance At $30.75

Sep 12, 2017 (Marketintelligencecenter.com via COMTEX) --

After Sep 11, 2017aEUR(TM)s trading in DJ-UBS Sugar TR Sub-Idx ETN Ipath (<a href="http://www.marketintelligencecenter.com/symbol/SGG">SGG</a>) the algorithms behind MarketIntelligenceCenter.com's Artifical Intelligence Center picked out a trade that offers a 3.05% or 29.36% (for comparison purposes only), while providing 3.48% downside protection. The trade is a Oct 20, 2017 covered call at the $30 level for a net debit of about $29.10. 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 $29.31 and $30.75, respectively.

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