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Market Vectors Gold Miners (GDX) Trading Near $23.22 Resistance Level

Aug 11, 2017 ( via COMTEX) --

Market Vectors Gold Miners (<a href="">GDX</a>) closed Aug 10, 2017 at $23.07 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 Market Vectors Gold Miners for today. For investors looking for a high return, a diagonal spread pairing a long position in the Jan 18, 2019 $12 call and a short position in the Dec 15, 2017 $23 call for a net debit of about $9.86. This trade has an assigned return of 11.44% and 5.24% downside protection. For more a more conservative play, look at a covered call using the Dec 15, 2017 $23 call for a $9.86 net debit. This trade has an assigned return of 7.22% but the downside protection increases to 7.06%. Over the last 52 weeks the stock has traded between $18.58 and $31.79.A

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