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Sun Hydraulics Cor (SNHY) Showing Bearish Technicals

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

For a hedged play on Sun Hydraulics Cor (<a href="http://www.marketintelligencecenter.com/symbol/SNHY">SNHY</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jun 15, 2018 $55 covered call for a net debit in the $52.01 area. That is also the break-even stock price for the covered call. This trade will return 5.72%, or 11% annualized (for comparison purposes only), in 190 days. This covered call also provides 10.49% downside protection. The current 52-week low is $34.17 and the 52-week high is $63.63. Sun Hydraulics Cor stock has been showing support around $57.46 and resistance in the $58.90 range. The stock closed Dec 6, 2017's trading session at $58.11.A

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