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Physical Swiss Gold (SGOL) Showing Bearish Technicals With Resistance At $125.06

Nov 10, 2017 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Physical Swiss Gold (<a href="">SGOL</a>). Look at the Mar 16, 2018 $124 covered call for a net debit in the $120.57 area.<br /> <br /> This trade has a duration of 126 days. The break-even point of this trade is the same as the net debit, which gives this trade 2.97% downside protection. If the stock closes at or above $124 at expiration this trade will return 2.83% or 8.21% (for comparison purposes only). <br /> <br /> SGOL closed Nov 9, 2017's trading session at $124.27. In the past year, the stock has hit a 52-week low of $109.18 and 52-week high of $130.83. Physical Swiss Gold stock has been showing support around $123.82 and resistance in the $125.06 range. Recent technical indicators for the stock are bearish.

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