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Physical Swiss Gold (SGOL) Showing Bearish Technicals With Resistance At $128.83

Feb 08, 2018 ( via COMTEX) --

After Feb 7, 2018aEUR(TM)s trading in Physical Swiss Gold (<a href="">SGOL</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 2.92% or 8.40% (for comparison purposes only), while providing 3.06% downside protection. The trade is a Jun 15, 2018 covered call at the $127 level for a net debit of about $123.39. 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 $126.23 and $128.83, respectively.

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