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Lumber Liquidators (LL) Trading Near $27.14 Support Level

Nov 30, 2017 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Lumber Liquidators (<a href="http://www.marketintelligencecenter.com/symbol/LL">LL</a>). Look at the Jan 19, 2018 $26 covered call for a net debit in the $25.10 area.<br /> <br /> This trade has a duration of 50 days. The break-even point of this trade is the same as the net debit, which gives this trade 9.21% downside protection. If the stock closes at or above $26 at expiration this trade will return 3.54% or 25.87% (for comparison purposes only). <br /> <br /> LL closed Nov 29, 2017's trading session at $27.65. In the past year, the stock has hit a 52-week low of $14.99 and 52-week high of $41.33. Lumber Liquidators stock has been showing support around $27.14 and resistance in the $28.64 range. Recent technical indicators for the stock are bearish.

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