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Sohu.com (SOHU) Showing Resistance Near $62.03

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

After Nov 9, 2017aEUR(TM)s trading in Sohu.com (<a href="http://www.marketintelligencecenter.com/symbol/SOHU">SOHU</a>) the algorithms behind MarketIntelligenceCenter.com's Artifical Intelligence Center picked out a trade that offers a 3.59% or 37.45% (for comparison purposes only), while providing 8.32% downside protection. The trade is a Dec 15, 2017 covered call at the $52.50 level for a net debit of about $50.67. 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 $51.23 and $62.03, respectively.

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