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Powershares Nasdaq Internet (PNQI) Trading Near $112.70 Resistance Level

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

For a hedged play on Powershares Nasdaq Internet (<a href="http://www.marketintelligencecenter.com/symbol/PNQI">PNQI</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Mar 16, 2018 $111 covered call for a net debit in the $108.19 area. That is also the break-even stock price for the covered call. This trade will return 2.59%, or 9.57% annualized (for comparison purposes only), in 99 days. This covered call also provides 3.22% downside protection. The current 52-week low is $82.52 and the 52-week high is $117.64. Powershares Nasdaq Internet stock has been showing support around $110.52 and resistance in the $112.70 range. The stock closed Dec 6, 2017's trading session at $111.79.A

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