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Northwest Natural Gas (NWN) Showing Resistance Near $67.83

Nov 09, 2017 ( via COMTEX) --'s option-trade picking algorithms have identified an attractive covered-call trade on Northwest Natural Gas (<a href="">NWN</a>). Look at the Jun 15, 2018 $65 covered call for a net debit in the $63.50 area.<br /> <br /> This trade has a duration of 218 days. The break-even point of this trade is the same as the net debit, which gives this trade 5.22%. If the stock closes at or above $65 at expiration this trade will return 2.36% or 3.95% (for comparison purposes only). <br /> <br /> NWN closed Nov 8, 2017's trading session at $67. In the past year, the stock has hit a 52-week low of $53.50 and 52-week high of $68.60. Northwest Natural Gas stock has been showing support around $65.43 and resistance in the $67.83 range. Technical indicators for the stock are bearish and S&P gives NWN 1 STARS (out of 5) strong sell ranking.

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