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Varex Imaging Corp (VREX) Showing Resistance Near $41.22

Jan 03, 2018 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on Varex Imaging Corp (<a href="http://www.marketintelligencecenter.com/symbol/VREX">VREX</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Feb 16, 2018 $40 covered call for a net debit in the $38.99 area. That is also the break-even stock price for the covered call. This trade will return 2.59%, or 21.48% annualized (for comparison purposes only), in 44 days. This covered call also provides 3.46% downside protection. The current 52-week low is $25 and the 52-week high is $41.99. Varex Imaging Corp stock has been showing support around $39.58 and resistance in the $41.22 range. The stock closed Jan 2, 2018's trading session at $40.38.A

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