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Steven Madden (SHOO) Showing Bearish Technicals With Resistance At $44.85

Dec 07, 2017 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Steven Madden (<a href="">SHOO</a>). Look at the Jun 15, 2018 $40 covered call for a net debit in the $38.14 area.<br /> <br /> This trade has a duration of 190 days. The break-even point of this trade is the same as the net debit, which gives this trade 12.99% downside protection. If the stock closes at or above $40 at expiration this trade will return 4.84% or 9.31% (for comparison purposes only). <br /> <br /> SHOO closed Dec 6, 2017's trading session at $43.84. In the past year, the stock has hit a 52-week low of $33.50 and 52-week high of $44.40. Steven Madden stock has been showing support around $42.95 and resistance in the $44.85 range. Recent technical indicators for the stock are bearish.

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