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Extraction Oil & Gas Inc (XOG) Trading Near $17.58 Resistance Level

Apr 21, 2017 (Marketintelligencecenter.com via COMTEX) --

A covered call identified by MarketIntelligececenter.com's patented algorithm on Extraction Oil & Gas Inc (<a href="http://www.marketintelligencecenter.com/symbol/XOG">XOG</a>) could yield about 6% (14.91% annualized, for comparison purposes only) in 147 days. Pair a long position in the stock with the Sep 15, 2017 $15 call for a net debit of about $14.14. This position also has 16.27% downside protection. Extraction Oil & Gas Inc closed at $16.89 Apr 20, 2017. Technical indicators for XOG are bearish and support and resistance have been about $16.34 and $17.58, respectively.A

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