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Guggenheim Solar ETF (TAN) Trading Near $21.97 Support Level

Feb 09, 2018 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Guggenheim Solar ETF (<a href="http://www.marketintelligencecenter.com/symbol/TAN">TAN</a>). Look at the Jul 20, 2018 $22 covered call for a net debit in the $20.75 area.<br /> <br /> This trade has a duration of 161 days. The break-even point of this trade is the same as the net debit, which gives this trade 7.77% downside protection. If the stock closes at or above $22 at expiration this trade will return 6.02% or 13.65% (for comparison purposes only). <br /> <br /> TAN closed Feb 8, 2018's trading session at $22.50. In the past year, the stock has hit a 52-week low of $17 and 52-week high of $26.70. Guggenheim Solar ETF stock has been showing support around $21.97 and resistance in the $23.57 range. Recent technical indicators for the stock are bearish.

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