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Synchronoss Technologies (SNCR) Showing Support Near $8.85

Jan 03, 2018 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Synchronoss Technologies (<a href="">SNCR</a>). Look at the Jan 18, 2019 $7.50 covered call for a net debit in the $6.23 area.<br /> <br /> This trade has a duration of 380 days. The break-even point of this trade is the same as the net debit, which gives this trade 31.76% downside protection. If the stock closes at or above $7.50 at expiration this trade will return 20.38% or 19.58% (for comparison purposes only). <br /> <br /> SNCR closed Jan 2, 2018's trading session at $9.13. In the past year, the stock has hit a 52-week low of $8.48 and 52-week high of $40.28. Synchronoss Technologies stock has been showing support around $8.85 and resistance in the $9.39 range. Recent technical indicators for the stock are bearish.

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