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Potential Sun Hydraulics Cor (SNHY) Trade Has 9.76% Downside Protection

Mar 08, 2018 ( via COMTEX) --

A covered call identified by's patented algorithm on Sun Hydraulics Cor (<a href="">SNHY</a>) could yield about 2.12% (18.03% annualized, for comparison purposes only) in 43 days. Pair a long position in the stock with the Apr 20, 2018 $50 call for a net debit of about $48.96. This position also has 9.76% downside protection. Sun Hydraulics Cor closed at $54.25 Mar 7, 2018. Technical indicators for SNHY are bearish and support and resistance have been about $51.77 and $55.78, respectively.A

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