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Junior Gold Miners ETF Vaneck (GDXJ) Showing Resistance Near $33.19

May 17, 2018 ( via COMTEX) --

Junior Gold Miners ETF Vaneck (<a href="">GDXJ</a>) closed May 16, 2018 at $32.83 and technical indicators recently have been bearish. With those figures in place, the algorithms behind's Artificial Intelligence Center have identified a couple of attractive trading opportunities in Junior Gold Miners ETF Vaneck for today. For investors looking for a high return, a diagonal spread pairing a long position in the Jan 18, 2019 $24 call and a short position in the Aug 17, 2018 $32 call for a net debit of about $7.71. This trade has an assigned return of 3.76% and 3.41% downside protection. For more a more conservative play, look at a covered call using the Aug 17, 2018 $32 call for a $7.71 net debit. This trade has an assigned return of 4.26% but the downside protection increases to 6.51%. Over the last 52 weeks the stock has traded between $29.84 and $37.76.A

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