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Physical Swiss Gold (SGOL) Showing Bearish Technicals With Support At $128.07

Feb 05, 2018 ( 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 Jun 15, 2018 $128 covered call for a net debit in the $124.64 area.<br /> <br /> This trade has a duration of 130 days. The break-even point of this trade is the same as the net debit, which gives this trade 3.33% downside protection. If the stock closes at or above $128 at expiration this trade will return 2.68% or 7.54% (for comparison purposes only). <br /> <br /> SGOL closed Feb 2, 2018's trading session at $128.93. In the past year, the stock has hit a 52-week low of $116.31 and 52-week high of $132.10. Physical Swiss Gold stock has been showing support around $128.07 and resistance in the $129.85 range. Recent technical indicators for the stock are bearish.

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