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Lumber Liquidators (LL) Showing Bearish Technicals With Support At $24.17

Jul 12, 2018 ( via COMTEX) --

Lumber Liquidators (<a href="">LL</a>) is a good candidate for a covered call at the $23 level. The Feb 15, 2019 call at that price should fetch a credit of about $4.90, which means the entire position has a net debit of about $20.24. This trade has 13.48% downside protection. Technical indicators for the stock are bearish and Lumber Liquidators has a 52-week low of $19.41 and 52-week high of $41.33.

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