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Mobile Mini (MINI) Trading Near $34.30 Resistance Level

Nov 10, 2017 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Mobile Mini (<a href="http://www.marketintelligencecenter.com/symbol/MINI">MINI</a>). Look at the May 18, 2018 $30 covered call for a net debit in the $28.79 area.<br /> <br /> This trade has a duration of 189 days. The break-even point of this trade is the same as the net debit, which gives this trade 14.79% downside protection. If the stock closes at or above $30 at expiration this trade will return 4.16% or 8.04% (for comparison purposes only). <br /> <br /> MINI closed Nov 9, 2017's trading session at $33.79. In the past year, the stock has hit a 52-week low of $26.70 and 52-week high of $37.05. Mobile Mini stock has been showing support around $32.90 and resistance in the $34.30 range. Recent technical indicators for the stock are bearish.

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