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Northwest Natural Gas (NWN) Showing Bearish Technicals With Support At $65.82

Nov 10, 2017 (Marketintelligencecenter.com via COMTEX) --

After Nov 9, 2017aEUR(TM)s trading in Northwest Natural Gas (<a href="http://www.marketintelligencecenter.com/symbol/NWN">NWN</a>) the option-trade picking algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center uncovered a trade that offers a 2.76% return, or 4.65% annualized (for comparison purposes only), while providing 5.24% downside protection. The trade is a Jun 15, 2018 covered call at the $65 level for a net debit of about $63.25. The net debit is also the breakeven point for this trade. Standard & PooraEUR(TM)s has a 1 STARS (out of 5) strong sell ranking on Northwest Natural Gas. Technical indicators for the stock have been bearish and support and resistance have been in the area of $65.82 and $67.52, respectively.

(C) Copyright 2017, Marketintelligencecenter.com. All rights reserved. ********************************************************************** As of Monday, 11-06-2017 23:59, the latest Comtex SmarTrend® Alert, an automated pattern recognition system,

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