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Junior Gold Miners ETF Vaneck (GDXJ) Showing Bearish Technicals With Resistance At $27.72

Dec 07, 2018 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on Junior Gold Miners ETF Vaneck (<a href="http://www.marketintelligencecenter.com/symbol/GDXJ">GDXJ</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Feb 15, 2019 $27 covered call for a net debit in the $25.86 area. That is also the break-even stock price for the covered call. This trade will return 4.36%, or 22.77% annualized (for comparison purposes only), in 70 days. This covered call also provides 4.95% downside protection. The current 52-week low is $25.91 and the 52-week high is $36.08. Junior Gold Miners ETF Vaneck stock has been showing support around $26.76 and resistance in the $27.72 range. The stock closed Dec 6, 2018's trading session at $27.21.A

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