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Syntel Inc (SYNT) Trading Near $25.71 Resistance Level

Dec 07, 2017 ( via COMTEX) --

After Dec 6, 2017aEUR(TM)s trading in Syntel Inc (<a href="">SYNT</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 9.40% or 21.19% (for comparison purposes only), while providing 10.03% downside protection. The trade is a May 18, 2018 covered call at the $25 level for a net debit of about $22.84. 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 $25.03 and $25.71, respectively.

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