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Kaiser Aluminum (KALU) Showing Resistance Near $111.35

Jan 03, 2018 ( via COMTEX) --

For a hedged play on Kaiser Aluminum (<a href="">KALU</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Mar 16, 2018 $105 covered call for a net debit in the $102.71 area. That is also the break-even stock price for the covered call. This trade will return 2.21%, or 11.25% annualized (for comparison purposes only), in 72 days. This covered call also provides 6.12% downside protection. The current 52-week low is $74.56 and the 52-week high is $109.79. Kaiser Aluminum stock has been showing support around $106.29 and resistance in the $111.35 range. The stock closed Jan 2, 2018's trading session at $109.41.A

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