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Neogen Cp (NEOG) Trading Near $80.45 Support Level

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

For a hedged play on Neogen Cp (<a href="http://www.marketintelligencecenter.com/symbol/NEOG">NEOG</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jan 19, 2018 $80 covered call for a net debit in the $78.01 area. That is also the break-even stock price for the covered call. This trade will return 2.53%, or 13.23% annualized (for comparison purposes only), in 70 days. This covered call also provides 5.22% downside protection. The current 52-week low is $57.41 and the 52-week high is $82.49. Neogen Cp stock has been showing support around $80.45 and resistance in the $83.42 range. The stock closed Nov 9, 2017's trading session at $82.31.A

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