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

Jun 13, 2018 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Randgold Resources (<a href="http://www.marketintelligencecenter.com/symbol/GOLD">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.

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