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Vanda Pharmaceuticals (VNDA) Trading Near $14.83 Support Level

Jan 03, 2018 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Vanda Pharmaceuticals (<a href="http://www.marketintelligencecenter.com/symbol/VNDA">VNDA</a>). Look at the Jun 15, 2018 $14 covered call for a net debit in the $12.84 area.<br /> <br /> This trade has a duration of 163 days. The break-even point of this trade is the same as the net debit, which gives this trade 17.62% downside protection. If the stock closes at or above $14 at expiration this trade will return 8.94% or 20.04% (for comparison purposes only). <br /> <br /> VNDA closed Jan 2, 2018's trading session at $15.60. In the past year, the stock has hit a 52-week low of $11.90 and 52-week high of $18.99. Vanda Pharmaceuticals stock has been showing support around $14.83 and resistance in the $16.03 range. Recent technical indicators for the stock are bearish.

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