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United Natural Foods (UNFI) Showing Resistance Near $55.54

Dec 05, 2017 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on United Natural Foods (<a href="http://www.marketintelligencecenter.com/symbol/UNFI">UNFI</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Feb 16, 2018 $50 covered call for a net debit in the $47.49 area. That is also the break-even stock price for the covered call. This trade will return 5.28%, or 26.42% annualized (for comparison purposes only), in 73 days. This covered call also provides 9.52% downside protection. The current 52-week low is $29.53 and the 52-week high is $52.69. United Natural Foods stock has been showing support around $46.78 and resistance in the $55.54 range. The stock closed Dec 4, 2017's trading session at $52.49.A

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