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Potential Canadian Natural Resources (CNQ) Trade Targets 3.05% Return

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

After Feb 6, 2018aEUR(TM)s trading in Canadian Natural Resources (<a href="http://www.marketintelligencecenter.com/symbol/CNQ">CNQ</a>) the option-trade picking algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center uncovered a trade that offers a 3.05% return, or 30.17% annualized (for comparison purposes only), while providing 5.79% downside protection. The trade is a Mar 16, 2018 covered call at the $31 level for a net debit of about $30.07. The net debit is also the breakeven point for this trade. Standard & PooraEUR(TM)s has a 5 STARS (out of 5) strong buy ranking on Canadian Natural Resources. Technical indicators for the stock have been bearish and support and resistance have been in the area of $30.47 and $33.13, respectively.

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