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G-X Gold Explorers ETF (GOEX) Showing Bearish Technicals With Support At $22.43

May 16, 2018 ( via COMTEX) --

After May 15, 2018aEUR(TM)s trading in G-X Gold Explorers ETF (<a href="">GOEX</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 4.91% or 11.49% (for comparison purposes only), while providing 7.90% downside protection. The trade is a Oct 19, 2018 covered call at the $22 level for a net debit of about $20.96. The net debit is also the breakeven point for this trade. Technical indicators for the stock have been bearish recently and support and resistance have been in the area of $22.43 and $22.99, respectively.

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