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Zogenix Inc (ZGNX) Trading Near $39.63 Resistance Level

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

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Zogenix Inc (<a href="http://www.marketintelligencecenter.com/symbol/ZGNX">ZGNX</a>). Look at the Jun 15, 2018 $33 covered call for a net debit in the $29.29 area.<br /> <br /> This trade has a duration of 126 days. The break-even point of this trade is the same as the net debit, which gives this trade 21.65% downside protection. If the stock closes at or above $33 at expiration this trade will return 12.62% or 36.58% (for comparison purposes only). <br /> <br /> ZGNX closed Feb 8, 2018's trading session at $37.40. In the past year, the stock has hit a 52-week low of $8.50 and 52-week high of $43.35. Zogenix Inc stock has been showing support around $36.03 and resistance in the $39.63 range. Recent technical indicators for the stock are bearish.

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