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Lumber Liquidators (LL) Showing Bearish Technicals With Resistance At $26.82

Jun 13, 2018 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Lumber Liquidators (<a href="http://www.marketintelligencecenter.com/symbol/LL">LL</a>). Look at the Jan 18, 2019 $25 covered call for a net debit in the $21.87 area.<br /> <br /> This trade has a duration of 219 days. The break-even point of this trade is the same as the net debit, which gives this trade 14.80% downside protection. If the stock closes at or above $25 at expiration this trade will return 14.31% or 23.85% (for comparison purposes only). <br /> <br /> LL closed Jun 12, 2018's trading session at $25.67. In the past year, the stock has hit a 52-week low of $19.41 and 52-week high of $41.33. Lumber Liquidators stock has been showing support around $24.32 and resistance in the $26.82 range. Recent technical indicators for the stock are bearish.

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