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DJ-UBS Sugar TR Sub-Idx ETN Ipath (SGG) Trading Near $30.23 Support Level

Dec 04, 2017 ( via COMTEX) --

After Dec 1, 2017aEUR(TM)s trading in DJ-UBS Sugar TR Sub-Idx ETN Ipath (<a href="">SGG</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 3.83% or 18.94% (for comparison purposes only), while providing 5.71% downside protection. The trade is a Feb 16, 2018 covered call at the $30 level for a net debit of about $28.89. The net debit is also the breakeven point for this trade. Technical indicators for the stock have been bearish recently and support and resistance have been in the area of $30.23 and $31.33, respectively.

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