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Natural Gas Services Group (NGS) Trading Near $22.93 Resistance Level

Jun 13, 2018 (Marketintelligencecenter.com via COMTEX) --

A covered call identified by MarketIntelligececenter.com's patented algorithm on Natural Gas Services Group (<a href="http://www.marketintelligencecenter.com/symbol/NGS">NGS</a>) could yield about 8.10% (13.51% annualized, for comparison purposes only) in 219 days. Pair a long position in the stock with the Jan 18, 2019 $20 call for a net debit of about $18.50. This position also has 17.41% downside protection. Natural Gas Services Group closed at $22.39 Jun 12, 2018. Technical indicators for NGS are bearish and support and resistance have been about $22.03 and $22.93, respectively.A

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