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DJ-UBS Sugar TR Sub-Idx ETN Ipath (SGG) Trading Near $30.55 Resistance Level

Jan 10, 2018 (Marketintelligencecenter.com via COMTEX) --

A covered call identified by MarketIntelligececenter.com's patented algorithm on DJ-UBS Sugar TR Sub-Idx ETN Ipath (<a href="http://www.marketintelligencecenter.com/symbol/SGG">SGG</a>) could yield about 4.63% (13.22% annualized, for comparison purposes only) in 128 days. Pair a long position in the stock with the May 18, 2018 $30 call for a net debit of about $28.66. This position also has 4.49% downside protection. DJ-UBS Sugar TR Sub-Idx ETN Ipath closed at $30.02 Jan 9, 2018. Technical indicators for SGG are bearish and support and resistance have been about $29.04 and $30.55, respectively.A

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