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Lumber Liquidators (LL) Showing Bearish Technicals With Support At $20.63

May 15, 2018 ( via COMTEX) --

After May 14, 2018aEUR(TM)s trading in Lumber Liquidators (<a href="">LL</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 15.47% or 22.77% (for comparison purposes only), while providing 18.76% downside protection. The trade is a Jan 18, 2019 covered call at the $20 level for a net debit of about $17.32. The net debit is also the breakeven point for this trade. Technical indicators for the stock have been bearish recently and support and resistance have been in the area of $20.63 and $21.85, respectively.

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