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Syntel Inc (SYNT) Showing Bearish Technicals With Resistance At $22.91

Feb 09, 2018 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Syntel Inc (<a href="">SYNT</a>). Look at the Aug 17, 2018 $20 covered call for a net debit in the $18.34 area.<br /> <br /> This trade has a duration of 189 days. The break-even point of this trade is the same as the net debit, which gives this trade 13.44% downside protection. If the stock closes at or above $20 at expiration this trade will return 8.99% or 17.36% (for comparison purposes only). <br /> <br /> SYNT closed Feb 8, 2018's trading session at $21.20. In the past year, the stock has hit a 52-week low of $15.82 and 52-week high of $26.33. Syntel Inc stock has been showing support around $20.34 and resistance in the $22.91 range. Recent technical indicators for the stock are bearish.

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