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iShares MSCI Russell Midcap Growth Index (IWP) Showing Resistance Near $119.95

Dec 06, 2017 ( via COMTEX) --

For a hedged play on iShares MSCI Russell Midcap Growth Index (<a href="">IWP</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Apr 20, 2018 $118 covered call for a net debit in the $114.68 area. That is also the break-even stock price for the covered call. This trade will return 2.89%, or 7.82% annualized (for comparison purposes only), in 135 days. This covered call also provides 3.37% downside protection. The current 52-week low is $97.13 and the 52-week high is $120.74. iShares MSCI Russell Midcap Growth Index stock has been showing support around $117.99 and resistance in the $119.95 range. The stock closed Dec 5, 2017's trading session at $118.68.A

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