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Natural Resource Partners LP (NRP) Showing Bearish Technicals With Support At $30.20

May 19, 2017 (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 21, 2017 $30 covered call for a net debit in the $28.64 area.<br /> <br /> This trade has a duration of 63 days. The break-even point of this trade is the same as the net debit, which gives this trade 8.75% downside protection. If the stock closes at or above $30 at expiration this trade will return 4.71% or 27.29% (for comparison purposes only). <br /> <br /> NRP closed May 18, 2017's trading session at $31.39. In the past year, the stock has hit a 52-week low of $10.43 and 52-week high of $45.60. Natural Resource Partners LP stock has been showing support around $30.20 and resistance in the $32.40 range. Recent technical indicators for the stock are bearish.

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