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Potential Primoris Services Cp (PRIM) Trade Targets 5.68% Return

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

For a hedged play on Primoris Services Cp (<a href="http://www.marketintelligencecenter.com/symbol/PRIM">PRIM</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jun 15, 2018 $22.50 covered call for a net debit in the $21.29 area. That is also the break-even stock price for the covered call. This trade will return 5.68%, or 16.46% annualized (for comparison purposes only), in 126 days. This covered call also provides 10.13% downside protection. The current 52-week low is $21.83 and the 52-week high is $30. Primoris Services Cp stock has been showing support around $22.98 and resistance in the $25.10 range. The stock closed Feb 8, 2018's trading session at $23.69.A

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