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Synchronoss Technologies (SNCR) Showing Resistance Near $10.10

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

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Synchronoss Technologies (<a href="http://www.marketintelligencecenter.com/symbol/SNCR">SNCR</a>). Look at the Jan 18, 2019 $7.50 covered call for a net debit in the $6.47 area.<br /> <br /> This trade has a duration of 407 days. The break-even point of this trade is the same as the net debit, which gives this trade 33.05% downside protection. If the stock closes at or above $7.50 at expiration this trade will return 15.74% or 14.11% (for comparison purposes only). <br /> <br /> SNCR closed Dec 6, 2017's trading session at $9.68. In the past year, the stock has hit a 52-week low of $8.71 and 52-week high of $42.95. Synchronoss Technologies stock has been showing support around $9.34 and resistance in the $10.10 range. Recent technical indicators for the stock are bearish.

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