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G-X Nasdaq China Tech ETF (QQQC) Trading Near $31.33 Resistance Level

Nov 10, 2017 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on G-X Nasdaq China Tech ETF (<a href="http://www.marketintelligencecenter.com/symbol/QQQC">QQQC</a>). Look at the Jun 15, 2018 $30 covered call for a net debit in the $28.07 area.<br /> <br /> This trade has a duration of 217 days. The break-even point of this trade is the same as the net debit, which gives this trade 9.21% downside protection. If the stock closes at or above $30 at expiration this trade will return 6.83% or 11.50% (for comparison purposes only). <br /> <br /> QQQC closed Nov 9, 2017's trading session at $30.93. In the past year, the stock has hit a 52-week low of $20.88 and 52-week high of $31.11. G-X Nasdaq China Tech ETF stock has been showing support around $30.51 and resistance in the $31.33 range. Recent technical indicators for the stock are bearish.

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