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United Natural Foods (UNFI) Showing Resistance Near $45.81

Feb 09, 2018 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on United Natural Foods (<a href="http://www.marketintelligencecenter.com/symbol/UNFI">UNFI</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Mar 16, 2018 $40 covered call for a net debit in the $38.87 area. That is also the break-even stock price for the covered call. This trade will return 2.88%, or 30.04% annualized (for comparison purposes only), in 35 days. This covered call also provides 11.79% downside protection. The current 52-week low is $29.53 and the 52-week high is $52.69. United Natural Foods stock has been showing support around $42.31 and resistance in the $45.81 range. The stock closed Feb 8, 2018's trading session at $44.08.A

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