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Zagg Inc (ZAGG) Trading Near $16.23 Resistance Level

Mar 08, 2018 ( via COMTEX) --

For a hedged play on Zagg Inc (<a href="">ZAGG</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Aug 17, 2018 $12 covered call for a net debit in the $11 area. That is also the break-even stock price for the covered call. This trade will return 9.09%, or 20.48% annualized (for comparison purposes only), in 162 days. This covered call also provides 29.03% downside protection. The current 52-week low is $5.95 and the 52-week high is $23.70. Zagg Inc stock has been showing support around $14.43 and resistance in the $16.23 range. The stock closed Mar 7, 2018's trading session at $15.50.A

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