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Randgold Resources (GOLD) Showing Bearish Technicals

Oct 12, 2017 ( via COMTEX) --

Randgold Resources (<a href="">GOLD</a>) is a good candidate for a covered call at the $97.50 level. The Nov 17, 2017 call at that price should fetch a credit of about $4.29, which means the entire position has a net debit of about $95.18. This trade has 3.20% downside protection. Technical indicators for the stock are bearish and Randgold Resources has a 52-week low of $67.54 and 52-week high of $108.29.

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