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DJ-UBS Sugar TR Sub-Idx ETN Ipath (SGG) Showing Bearish Technicals With Resistance At $34.74

May 16, 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 Aug 18, 2017 $33 covered call for a net debit in the $31.76 area. That is also the break-even stock price for the covered call. This trade will return 3.87%, or 15.03% annualized (for comparison purposes only), in 94 days. This covered call also provides 6.06% downside protection. The current 52-week low is $33 and the 52-week high is $53.69. DJ-UBS Sugar TR Sub-Idx ETN Ipath stock has been showing support around $33.34 and resistance in the $34.74 range. The stock closed May 15, 2017's trading session at $33.81.A

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