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Malibu Boats Cmn A (MBUU) Showing Bearish Technicals

Dec 07, 2017 ( via COMTEX) --

For a hedged play on Malibu Boats Cmn A (<a href="">MBUU</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Feb 16, 2018 $30 covered call for a net debit in the $28.69 area. That is also the break-even stock price for the covered call. This trade will return 4.52%, or 23.28% annualized (for comparison purposes only), in 71 days. This covered call also provides 7.26% downside protection. The current 52-week low is $17.17 and the 52-week high is $33.35. Malibu Boats Cmn A stock has been showing support around $29.98 and resistance in the $31.72 range. The stock closed Dec 6, 2017's trading session at $30.95.A

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