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Momenta Pharmaceuticals (MNTA) Showing Bearish Technicals With Support At $12.60

Nov 10, 2017 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Momenta Pharmaceuticals (<a href="">MNTA</a>). Look at the Jun 15, 2018 $12 covered call for a net debit in the $10.59 area.<br /> <br /> This trade has a duration of 217 days. The break-even point of this trade is the same as the net debit, which gives this trade 20% downside protection. If the stock closes at or above $12 at expiration this trade will return 13.20% or 22.21% (for comparison purposes only). <br /> <br /> MNTA closed Nov 9, 2017's trading session at $13.25. In the past year, the stock has hit a 52-week low of $11.85 and 52-week high of $19.90. Momenta Pharmaceuticals stock has been showing support around $12.60 and resistance in the $13.65 range. Recent technical indicators for the stock are bearish.

(C) Copyright 2017, All rights reserved. ********************************************************************** As of Monday, 11-06-2017 23:59, the latest Comtex SmarTrend® Alert, an automated pattern recognition system,

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