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Natural Resource Partners LP (NRP) Showing Bearish Technicals With Support At $27.44

Feb 06, 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 $24.14 area.<br /> <br /> This trade has a duration of 164 days. The break-even point of this trade is the same as the net debit, which gives this trade 15.11% downside protection. If the stock closes at or above $25 at expiration this trade will return 3.51% or 7.83% (for comparison purposes only). <br /> <br /> NRP closed Feb 5, 2018's trading session at $28.45. 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 $27.44 and resistance in the $29.98 range. Recent technical indicators for the stock are bearish.

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