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Momenta Pharmaceuticals (MNTA) Showing Bearish Technicals With Resistance At $12.77

Dec 07, 2017 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Momenta Pharmaceuticals (<a href="">MNTA</a>). Look at the Jun 15, 2018 $10 covered call for a net debit in the $9.09 area.<br /> <br /> This trade has a duration of 190 days. The break-even point of this trade is the same as the net debit, which gives this trade 25.40% downside protection. If the stock closes at or above $10 at expiration this trade will return 9.89% or 18.99% (for comparison purposes only). <br /> <br /> MNTA closed Dec 6, 2017's trading session at $12.19. In the past year, the stock has hit a 52-week low of $11.85 and 52-week high of $19.90. Momenta Pharmaceuticals stock has been showing support around $11.67 and resistance in the $12.77 range. Recent technical indicators for the stock are bearish.

(C) Copyright 2017, All rights reserved. ********************************************************************** As of Sunday, 12-03-2017 23:59, the latest Comtex SmarTrend® Alert, an automated pattern recognition system,

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