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Sykes Enterprises (SYKE) Showing Resistance Near $31.42

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

After Dec 6, 2017aEUR(TM)s trading in Sykes Enterprises (<a href="http://www.marketintelligencecenter.com/symbol/SYKE">SYKE</a>) the algorithms behind MarketIntelligenceCenter.com's Artifical Intelligence Center picked out a trade that offers a 3.98% or 10.85% (for comparison purposes only), while providing 6.17% downside protection. The trade is a Apr 20, 2018 covered call at the $30 level for a net debit of about $28.85. 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 $30.40 and $31.42, respectively.

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