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Natural Gas Services Group (NGS) Showing Resistance Near $21.41

Nov 09, 2018 ( via COMTEX) --

After Nov 8, 2018aEUR(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 9.89% or 22.56% (for comparison purposes only), while providing 9.45% downside protection. The trade is a Apr 18, 2019 covered call at the $20 level for a net debit of about $18.20. 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 $18.47 and $21.41, respectively.

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