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Pegasystems Inc (PEGA) Showing Bearish Technicals With Support At $58.93

Mar 08, 2018 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Pegasystems Inc (<a href="">PEGA</a>). Look at the Jun 15, 2018 $60 covered call for a net debit in the $56.60 area.<br /> <br /> This trade has a duration of 99 days. The break-even point of this trade is the same as the net debit, which gives this trade 9.58% downside protection. If the stock closes at or above $60 at expiration this trade will return 6% or 22.14% (for comparison purposes only). <br /> <br /> PEGA closed Mar 7, 2018's trading session at $62.59. In the past year, the stock has hit a 52-week low of $40.75 and 52-week high of $64.85. Pegasystems Inc stock has been showing support around $58.93 and resistance in the $65.13 range. Recent technical indicators for the stock are bearish.

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