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Sangamo Biosciences (SGMO) Showing Bearish Technicals

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

After Feb 8, 2018aEUR(TM)s trading in Sangamo Biosciences (<a href="http://www.marketintelligencecenter.com/symbol/SGMO">SGMO</a>) the algorithms behind MarketIntelligenceCenter.com's Artifical Intelligence Center picked out a trade that offers a 11.88% or 22.95% (for comparison purposes only), while providing 28.50% downside protection. The trade is a Aug 17, 2018 covered call at the $16 level for a net debit of about $14.30. The net debit is also the breakeven point for this trade. Technical indicators for the stock have been bearish recently and support and resistance have been in the area of $18.10 and $23.80, respectively.

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