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Northwest Natural Gas (NWN) Showing Support Near $65.68

Nov 08, 2017 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Northwest Natural Gas (<a href="http://www.marketintelligencecenter.com/symbol/NWN">NWN</a>). Look at the Mar 16, 2018 $65 covered call for a net debit in the $63.54 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 4.50% downside protection. If the stock closes at or above $65 at expiration this trade will return 2.28% or 6.50% (for comparison purposes only). <br /> <br /> NWN closed Nov 7, 2017's trading session at $66.55. 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 $65.68 and resistance in the $67.28 range. Recent technical indicators for the stock are bearish.

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