Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
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 $83.33

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

After Feb 12, 2018aEUR(TM)s trading in Randgold Resources (<a href="http://www.marketintelligencecenter.com/symbol/GOLD">GOLD</a>) MarketIntelligenceCenter.com's option trade-picking algorithms uncovered a trade that offers a 3.38% or 39.81% (for comparison purposes only), while providing 3.97% downside protection. The trade is a Mar 16, 2018 covered call at the $85 level for a net debit of about $82.21. The net debit is also the breakeven point for this trade. For a higher return, consider buying a longer-term call option, like the Jan 18, 2019 at the $55 level. By buying the call for $32 instead of paying about $85.62 for the stock, the assigned return rate for this alternate trade is 4.89%, but the stock has to finish above $83.59 when the sold call expires for this trade to be profitable. Technical indicators for the stock have been bearish and support and resistance have been in the area of $83.33 and $87.37, respectively.

(C) Copyright 2018, Marketintelligencecenter.com. 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 62.21
Nat Gas 2.633
Corn 368
Cotton #2 77.30
Gold 1343.6
Copper 3.1930
Euro 1.24065
USD Index 89.275
SP500 E-mini 2728.25
DJIA E-mini 25154
close_icon
open_icon