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United Natural Foods (UNFI) Showing Bearish Technicals With Support At $19.27

Dec 06, 2018 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on United Natural Foods (<a href="http://www.marketintelligencecenter.com/symbol/UNFI">UNFI</a>). Look at the May 17, 2019 $17.50 covered call for a net debit in the $16.12 area.<br /> <br /> This trade has a duration of 162 days. The break-even point of this trade is the same as the net debit, which gives this trade 20.66% downside protection. If the stock closes at or above $17.50 at expiration this trade will return 8.56% or 19.28% (for comparison purposes only). <br /> <br /> UNFI closed Dec 5, 2018's trading session at $20.30. In the past year, the stock has hit a 52-week low of $20 and 52-week high of $52.59. United Natural Foods stock has been showing support around $19.27 and resistance in the $21.77 range. Recent technical indicators for the stock are bearish.

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