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Neurocrine Biosciences (NBIX) Trading Near $74.54 Support Level

Feb 09, 2018 (Marketintelligencecenter.com via COMTEX) --

A covered call identified by MarketIntelligececenter.com's patented algorithm on Neurocrine Biosciences (<a href="http://www.marketintelligencecenter.com/symbol/NBIX">NBIX</a>) could yield about 4.64% (48.45% annualized, for comparison purposes only) in 35 days. Pair a long position in the stock with the Mar 16, 2018 $75 call for a net debit of about $71.66. This position also has 8.78% downside protection. Neurocrine Biosciences closed at $78.56 Feb 8, 2018. Technical indicators for NBIX are bearish and support and resistance have been about $74.54 and $86.62, respectively.A

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