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Sangamo Biosciences (SGMO) Showing Bearish Technicals

Mar 08, 2018 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Sangamo Biosciences (<a href="">SGMO</a>). Look at the Jan 18, 2019 $20 covered call for a net debit in the $16.80 area.<br /> <br /> This trade has a duration of 316 days. The break-even point of this trade is the same as the net debit, which gives this trade 34.88% downside protection. If the stock closes at or above $20 at expiration this trade will return 19.04% or 22% (for comparison purposes only). <br /> <br /> SGMO closed Mar 7, 2018's trading session at $25.79. In the past year, the stock has hit a 52-week low of $3.85 and 52-week high of $27.50. Sangamo Biosciences stock has been showing support around $24.20 and resistance in the $26.60 range. Recent technical indicators for the stock are bearish.

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