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Potential Wright Medical Group (WMGI) Trade Targets 6.83% Return

Jan 03, 2018 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Wright Medical Group (<a href="http://www.marketintelligencecenter.com/symbol/WMGI">WMGI</a>). Look at the May 18, 2018 $22.50 covered call for a net debit in the $21.05 area.<br /> <br /> This trade has a duration of 135 days. The break-even point of this trade is the same as the net debit, which gives this trade 8.07% downside protection. If the stock closes at or above $22.50 at expiration this trade will return 6.83% or 18.48% (for comparison purposes only). <br /> <br /> WMGI closed Jan 2, 2018's trading session at $22.90. In the past year, the stock has hit a 52-week low of $22 and 52-week high of $31.53. Wright Medical Group stock has been showing support around $21.68 and resistance in the $23.56 range. Recent technical indicators for the stock are bearish.

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