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Natural Resource Partners LP (NRP) Showing Bearish Technicals With Resistance At $25.40

Sep 13, 2017 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Natural Resource Partners LP (<a href="">NRP</a>). Look at the Jan 19, 2018 $22.50 covered call for a net debit in the $21.29 area.<br /> <br /> This trade has a duration of 128 days. The break-even point of this trade is the same as the net debit, which gives this trade 12.70% downside protection. If the stock closes at or above $22.50 at expiration this trade will return 5.63% or 16.06% (for comparison purposes only). <br /> <br /> NRP closed Sep 12, 2017's trading session at $24.39. 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 $23.40 and resistance in the $25.40 range. Recent technical indicators for the stock are bearish.

(C) Copyright 2017, All rights reserved. ********************************************************************** As of Saturday, 09-09-2017 23:59, the latest Comtex SmarTrend® Alert, an automated pattern recognition system

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