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Shenandoah Telecom (SHEN) Showing Bearish Technicals With Resistance At $32

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

After Feb 8, 2018aEUR(TM)s trading in Shenandoah Telecom (<a href="http://www.marketintelligencecenter.com/symbol/SHEN">SHEN</a>) the algorithms behind MarketIntelligenceCenter.com's Artifical Intelligence Center picked out a trade that offers a 5.26% or 27.44% (for comparison purposes only), while providing 6.55% downside protection. The trade is a Apr 20, 2018 covered call at the $30 level for a net debit of about $28.50. 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 $29.70 and $32, respectively.

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