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Natural Gas Services Group (NGS) Showing Bearish Technicals With Support At $25.93

May 19, 2017 ( via COMTEX) --

After May 18, 2017aEUR(TM)s trading in Natural Gas Services Group (<a href="">NGS</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 6.83% or 16.20% (for comparison purposes only), while providing 11.02% downside protection. The trade is a Oct 20, 2017 covered call at the $25 level for a net debit of about $23.40. The net debit is also the breakeven point for this trade. Technical indicators for the stock have been bearish recently and support and resistance have been in the area of $25.93 and $26.83, respectively.

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