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Retrophin Inc (RTRX) Showing Bearish Technicals

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

After Dec 6, 2017aEUR(TM)s trading in Retrophin Inc (<a href="http://www.marketintelligencecenter.com/symbol/RTRX">RTRX</a>) the algorithms behind MarketIntelligenceCenter.com's Artifical Intelligence Center picked out a trade that offers a 5.37% or 19.81% (for comparison purposes only), while providing 11.22% downside protection. The trade is a Mar 16, 2018 covered call at the $20 level for a net debit of about $18.98. The net debit is also the breakeven point for this trade. Technical indicators for the stock have been bearish recently and support and resistance have been in the area of $20.66 and $21.86, respectively.

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