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Ipath.B Sugar Subindex TR Series B ETN (SGGB) Showing Bearish Technicals With Support At $43.95

Oct 12, 2018 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Ipath.B Sugar Subindex TR Series B ETN (<a href="">SGGB</a>). Look at the Nov 16, 2018 $44 covered call for a net debit in the $42.96 area.<br /> <br /> This trade has a duration of 35 days. The break-even point of this trade is the same as the net debit, which gives this trade 3.59% downside protection. If the stock closes at or above $44 at expiration this trade will return 2.42% or 25.24% (for comparison purposes only). <br /> <br /> SGGB closed Oct 11, 2018's trading session at $44.56. In the past year, the stock has hit a 52-week low of $36.50 and 52-week high of $51.82. Ipath.B Sugar Subindex TR Series B ETN stock has been showing support around $43.95 and resistance in the $45.27 range. Recent technical indicators for the stock are bearish.

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