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Potlatch (PCH) Showing Bearish Technicals With Resistance At $52.87

Nov 10, 2017 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on Potlatch (<a href="http://www.marketintelligencecenter.com/symbol/PCH">PCH</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Feb 16, 2018 $50 covered call for a net debit in the $48.70 area. That is also the break-even stock price for the covered call. This trade will return 2.66%, or 9.94% annualized (for comparison purposes only), in 98 days. This covered call also provides 6.52% downside protection. The current 52-week low is $38.35 and the 52-week high is $56.35. Potlatch stock has been showing support around $51.37 and resistance in the $52.87 range. The stock closed Nov 9, 2017's trading session at $52.09.A

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