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Powershares DB US Dollar Index Bullish (UUP) Trading Near $24.07 Support Level

Dec 01, 2017 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Powershares DB US Dollar Index Bullish (<a href="http://www.marketintelligencecenter.com/symbol/UUP">UUP</a>). Look at the Jan 18, 2019 $24 covered call for a net debit in the $23.14 area.<br /> <br /> This trade has a duration of 413 days. The break-even point of this trade is the same as the net debit, which gives this trade 4.34% downside protection. If the stock closes at or above $24 at expiration this trade will return 3.71% or 3.28% (for comparison purposes only). <br /> <br /> UUP closed Nov 30, 2017's trading session at $24.19. In the past year, the stock has hit a 52-week low of $23.66 and 52-week high of $26.83. Powershares DB US Dollar Index Bullish stock has been showing support around $24.07 and resistance in the $24.29 range. Recent technical indicators for the stock are bearish.

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