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Pegasystems Inc (PEGA) Trading Near $49.07 Resistance Level

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

For a hedged play on Pegasystems Inc (<a href="http://www.marketintelligencecenter.com/symbol/PEGA">PEGA</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jun 15, 2018 $45 covered call for a net debit in the $41 area. That is also the break-even stock price for the covered call. This trade will return 9.75%, or 28.26% annualized (for comparison purposes only), in 126 days. This covered call also provides 11.82% downside protection. The current 52-week low is $38.35 and the 52-week high is $64.85. Pegasystems Inc stock has been showing support around $45.17 and resistance in the $49.07 range. The stock closed Feb 8, 2018's trading session at $46.50.A

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