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Natural Gas Services Group (NGS) Showing Bearish Technicals With Support At $25.85

Nov 09, 2017 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Natural Gas Services Group (<a href="http://www.marketintelligencecenter.com/symbol/NGS">NGS</a>). Look at the Apr 20, 2018 $25 covered call for a net debit in the $24.05 area.<br /> <br /> This trade has a duration of 162 days. The break-even point of this trade is the same as the net debit, which gives this trade 9.41% downside protection. If the stock closes at or above $25 at expiration this trade will return 3.95% or 8.89% (for comparison purposes only). <br /> <br /> NGS closed Nov 8, 2017's trading session at $26.54. In the past year, the stock has hit a 52-week low of $22.40 and 52-week high of $34.50. Natural Gas Services Group stock has been showing support around $25.85 and resistance in the $27.85 range. Recent technical indicators for the stock are bearish.

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