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DJ-UBS Sugar TR Sub-Idx ETN Ipath (SGG) Trading Near $26.73 Support Level

Feb 09, 2018 ( via COMTEX) --

After Feb 8, 2018aEUR(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 4.85% or 18.08% (for comparison purposes only), while providing 6.02% downside protection. The trade is a May 18, 2018 covered call at the $27 level for a net debit of about $25.75. 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 $26.73 and $28.53, respectively.

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