Return to News Categories

Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

Randgold Resources (GOLD) Showing Bearish Technicals With Support At $77.59

Jun 13, 2018 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Randgold Resources (<a href="">GOLD</a>). Look at the Jul 20, 2018 $77.50 covered call for a net debit in the $75.80 area.<br /> <br /> This trade has a duration of 37 days. The break-even point of this trade is the same as the net debit, which gives this trade 3.68% downside protection. If the stock closes at or above $77.50 at expiration this trade will return 2.22% or 21.99% (for comparison purposes only). <br /> <br /> GOLD closed Jun 12, 2018's trading session at $78.70. In the past year, the stock has hit a 52-week low of $76.01 and 52-week high of $108.29. Randgold Resources stock has been showing support around $77.59 and resistance in the $79.43 range. Recent technical indicators for the stock are bearish.

(C) Copyright 2018, All rights reserved.

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 63.82
Nat Gas 3.037
Corn 359
Cotton #2 87.73
Gold 1282.7
Copper 3.1355
Euro 1.15910
USD Index 94.510
SP500 E-mini 2770.75
DJIA E-mini 24986