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Physical Swiss Gold (SGOL) Trading Near $125.35 Resistance Level

May 17, 2018 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Physical Swiss Gold (<a href="http://www.marketintelligencecenter.com/symbol/SGOL">SGOL</a>). Look at the Sep 21, 2018 $124 covered call for a net debit in the $121.29 area.<br /> <br /> This trade has a duration of 127 days. The break-even point of this trade is the same as the net debit, which gives this trade 2.96% downside protection. If the stock closes at or above $124 at expiration this trade will return 2.22% or 6.39% (for comparison purposes only). <br /> <br /> SGOL closed May 16, 2018's trading session at $125. In the past year, the stock has hit a 52-week low of $117.19 and 52-week high of $132.10. Physical Swiss Gold stock has been showing support around $124.32 and resistance in the $125.35 range. Recent technical indicators for the stock are bearish.

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