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Powershares DB Gold (DGL) Showing Bearish Technicals With Resistance At $38.88

Oct 12, 2018 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Powershares DB Gold (<a href="">DGL</a>). Look at the Apr 18, 2019 $38 covered call for a net debit in the $36.94 area.<br /> <br /> This trade has a duration of 188 days. The break-even point of this trade is the same as the net debit, which gives this trade 3.77% downside protection. If the stock closes at or above $38 at expiration this trade will return 2.84% or 5.51% (for comparison purposes only). <br /> <br /> DGL closed Oct 11, 2018's trading session at $38.40. In the past year, the stock has hit a 52-week low of $36.92 and 52-week high of $43.28. Powershares DB Gold stock has been showing support around $37.62 and resistance in the $38.88 range. Recent technical indicators for the stock are bearish.

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