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Lumber Liquidators (LL) Trading Near $14.46 Resistance Level

Oct 10, 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 May 17, 2019 $11 covered call for a net debit in the $9.72 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 29.15% downside protection. If the stock closes at or above $11 at expiration this trade will return 13.16% or 21.94% (for comparison purposes only). <br /> <br /> LL closed Oct 9, 2018's trading session at $13.72. In the past year, the stock has hit a 52-week low of $13.53 and 52-week high of $36.85. Lumber Liquidators stock has been showing support around $13.28 and resistance in the $14.46 range. Recent technical indicators for the stock are bearish.

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