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Futures and Commodity Market News (SOHU) Showing Bearish Technicals With Resistance At $38.29

Mar 08, 2018 ( via COMTEX) --

After Mar 7, 2018aEUR(TM)s trading in (<a href="">SOHU</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 16.53% or 30.63% (for comparison purposes only), while providing 14.36% downside protection. The trade is a Sep 21, 2018 covered call at the $37.50 level for a net debit of about $32.17. 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 $36.43 and $38.29, respectively.

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