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Neurocrine Biosciences (NBIX) Showing Bearish Technicals With Resistance At $72.18

Dec 07, 2017 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Neurocrine Biosciences (<a href="http://www.marketintelligencecenter.com/symbol/NBIX">NBIX</a>). Look at the Feb 16, 2018 $65 covered call for a net debit in the $62.10 area.<br /> <br /> This trade has a duration of 71 days. The break-even point of this trade is the same as the net debit, which gives this trade 11.02% downside protection. If the stock closes at or above $65 at expiration this trade will return 4.65% or 23.92% (for comparison purposes only). <br /> <br /> NBIX closed Dec 6, 2017's trading session at $69.80. In the past year, the stock has hit a 52-week low of $37.35 and 52-week high of $75.98. Neurocrine Biosciences stock has been showing support around $67.22 and resistance in the $72.18 range. Recent technical indicators for the stock are bearish.

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