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Tower Semiconductor (TSEM) Trading Near $31.85 Support Level

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

A covered call identified by MarketIntelligececenter.com's patented algorithm on Tower Semiconductor (<a href="http://www.marketintelligencecenter.com/symbol/TSEM">TSEM</a>) could yield about 4.96% (25.87% annualized, for comparison purposes only) in 70 days. Pair a long position in the stock with the Jan 19, 2018 $33 call for a net debit of about $31.44. This position also has 5.41% downside protection. Tower Semiconductor closed at $33.24 Nov 9, 2017. Technical indicators for TSEM are bearish and support and resistance have been about $31.85 and $34.17, respectively.A

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