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Potential Zagg Inc (ZAGG) Trade Targets 12.44% Return

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

For a hedged play on Zagg Inc (<a href="http://www.marketintelligencecenter.com/symbol/ZAGG">ZAGG</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Aug 17, 2018 $14 covered call for a net debit in the $12.44 area. That is also the break-even stock price for the covered call. This trade will return 12.44%, or 20.10% annualized (for comparison purposes only), in 226 days. This covered call also provides 34.30% downside protection. The current 52-week low is $5.90 and the 52-week high is $23.70. Zagg Inc stock has been showing support around $18.15 and resistance in the $19.55 range. The stock closed Jan 2, 2018's trading session at $18.95.A

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