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Randgold Resources (GOLD) Showing Bearish Technicals With Resistance At $84.89

Mar 13, 2018 ( via COMTEX) --

Randgold Resources (<a href="">GOLD</a>) closed Mar 12, 2018 at $83.55 and technical indicators recently have been bearish. Based in part on those numbers,'s patented algorithms have identified a couple of attractive trading opportunities in Randgold Resources for today. For investors looking for a high return, consider a diagonal spread pairing a long position in the Jan 18, 2019 $60 call and a short position in the Jun 15, 2018 $82.50 call for a net debit of about $20.94. This trade has an assigned return of 7.39% and 3.12% downside protection. For more a more conservative play, look at a covered call using the Jun 15, 2018 $82.50 call for a $79.56 net debit. This trade has an assigned return of 3.69% but the downside protection increases to 4.78%. Standard & PooraEUR(TM)s has a 3 STARS (out of 5) hold ranking and a 12-month target price of $98 on Randgold Resources. Over the last 52 weeks the stock has traded between $79.17 and $108.29.A

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