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Varonis Systems Inc (VRNS) Showing Bearish Technicals With Resistance At $51.15

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

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Varonis Systems Inc (<a href="http://www.marketintelligencecenter.com/symbol/VRNS">VRNS</a>). Look at the Mar 16, 2018 $45 covered call for a net debit in the $42.94 area.<br /> <br /> This trade has a duration of 99 days. The break-even point of this trade is the same as the net debit, which gives this trade 13.31% downside protection. If the stock closes at or above $45 at expiration this trade will return 4.77% or 17.59% (for comparison purposes only). <br /> <br /> VRNS closed Dec 6, 2017's trading session at $49.54. In the past year, the stock has hit a 52-week low of $24.75 and 52-week high of $53.60. Varonis Systems Inc stock has been showing support around $47.70 and resistance in the $51.15 range. Recent technical indicators for the stock are bearish.

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