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Physical Swiss Gold (SGOL) Showing Bearish Technicals With Resistance At $120.25

Dec 07, 2018 (Marketintelligencecenter.com via COMTEX) --

After Dec 6, 2018aEUR(TM)s trading in Physical Swiss Gold (<a href="http://www.marketintelligencecenter.com/symbol/SGOL">SGOL</a>) the algorithms behind MarketIntelligenceCenter.com's Artifical Intelligence Center picked out a trade that offers a 2.27% or 8.48% (for comparison purposes only), while providing 2.59% downside protection. The trade is a Mar 15, 2019 covered call at the $119 level for a net debit of about $116.35. The net debit is also the breakeven point for this trade. Technical indicators for the stock have been bearish recently and support and resistance have been in the area of $118.95 and $120.25, respectively.

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