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Randgold Resources (GOLD) Showing Bearish Technicals With Resistance At $86.11

Feb 14, 2018 (Marketintelligencecenter.com via COMTEX) --

Randgold Resources (<a href="http://www.marketintelligencecenter.com/symbol/GOLD">GOLD</a>) is a good candidate for a covered call at the $85 level. The Mar 16, 2018 call at that price should fetch a credit of about $3, which means the entire position has a net debit of about $82.10. This trade has 2.36% downside protection. Another option would be to buy the GOLD Jan 18, 2019 $50 call instead of holding a long position in the stock. This lowers the net debit to $33.10, but the position only has 2.36% downside protection. Technical indicators for the stock are bearish and Randgold Resources has a 52-week low of $81.35 and 52-week high of $108.29.

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