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Xencor Inc (XNCR) Showing Support Near $21.40

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

For a hedged play on Xencor Inc (<a href="http://www.marketintelligencecenter.com/symbol/XNCR">XNCR</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Aug 17, 2018 $22.50 covered call for a net debit in the $21.44 area. That is also the break-even stock price for the covered call. This trade will return 4.89%, or 7.90% annualized (for comparison purposes only), in 226 days. This covered call also provides 5.92% downside protection. The current 52-week low is $18.55 and the 52-week high is $28.64. Xencor Inc stock has been showing support around $21.40 and resistance in the $23.50 range. The stock closed Jan 2, 2018's trading session at $22.79.A

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