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Natural Resource Partners LP (NRP) Showing Bearish Technicals

Feb 09, 2018 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Natural Resource Partners LP (<a href="http://www.marketintelligencecenter.com/symbol/NRP">NRP</a>). Look at the Jul 20, 2018 $25 covered call for a net debit in the $23.75 area.<br /> <br /> This trade has a duration of 161 days. The break-even point of this trade is the same as the net debit, which gives this trade 15.92% downside protection. If the stock closes at or above $25 at expiration this trade will return 5.26% or 11.93% (for comparison purposes only). <br /> <br /> NRP closed Feb 8, 2018's trading session at $28.25. In the past year, the stock has hit a 52-week low of $22.81 and 52-week high of $45.60. Natural Resource Partners LP stock has been showing support around $27.55 and resistance in the $29.25 range. Recent technical indicators for the stock are bearish.

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