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Sierra Wireless (SWIR) Trading Near $20.79 Support Level

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

For a hedged play on Sierra Wireless (<a href="http://www.marketintelligencecenter.com/symbol/SWIR">SWIR</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jun 15, 2018 $17.50 covered call for a net debit in the $16.14 area. That is also the break-even stock price for the covered call. This trade will return 8.35%, or 16.05% annualized (for comparison purposes only), in 190 days. This covered call also provides 23.99% downside protection. The current 52-week low is $15.35 and the 52-week high is $31.95. Sierra Wireless stock has been showing support around $20.79 and resistance in the $22.08 range. The stock closed Dec 6, 2017's trading session at $21.25.A

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