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Tower Semiconductor (TSEM) Showing Bearish Technicals With Support At $30.34

Feb 09, 2018 ( via COMTEX) --

Tower Semiconductor (<a href="">TSEM</a>) closed Feb 8, 2018 at $31.48 and technical indicators recently have been bearish. With those figures in place, the algorithms behind's Artificial Intelligence Center have identified a couple of attractive trading opportunities in Tower Semiconductor for today. For investors looking for a high return, a diagonal spread pairing a long position in the Jan 18, 2019 $10 call and a short position in the Apr 20, 2018 $30 call for a net debit of about $19.10. This trade has an assigned return of 4.71% and 7.58% downside protection. For more a more conservative play, look at a covered call using the Apr 20, 2018 $30 call for a $19.10 net debit. This trade has an assigned return of 4.93% but the downside protection increases to 9.20%. Over the last 52 weeks the stock has traded between $20.60 and $36.69.A

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