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Super Micro Computer (SMCI) Showing Support Near $21.08

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

After Dec 6, 2017aEUR(TM)s trading in Super Micro Computer (<a href="http://www.marketintelligencecenter.com/symbol/SMCI">SMCI</a>) the option-trade picking algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center uncovered a trade that offers a 11.42% return, or 18.52% annualized (for comparison purposes only), while providing 16.31% downside protection. The trade is a Jul 20, 2018 covered call at the $20 level for a net debit of about $17.94. The net debit is also the breakeven point for this trade. Standard & PooraEUR(TM)s has a 4 STARS (out of 5) buy ranking on Super Micro Computer. Technical indicators for the stock have been bearish and support and resistance have been in the area of $21.08 and $21.83, respectively.

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