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Kulicke and Soffa Industries (KLIC) Showing Bearish Technicals With Support At $22.75

Nov 10, 2017 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Kulicke and Soffa Industries (<a href="">KLIC</a>). Look at the Apr 20, 2018 $23 covered call for a net debit in the $21.26 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 9.56% downside protection. If the stock closes at or above $23 at expiration this trade will return 8.13% or 18.43% (for comparison purposes only). <br /> <br /> KLIC closed Nov 9, 2017's trading session at $23.52. In the past year, the stock has hit a 52-week low of $13.55 and 52-week high of $24.56. Kulicke and Soffa Industries stock has been showing support around $22.75 and resistance in the $24.71 range. Recent technical indicators for the stock are bearish.

(C) Copyright 2017, All rights reserved. ********************************************************************** As of Monday, 11-06-2017 23:59, the latest Comtex SmarTrend® Alert, an automated pattern recognition system,

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