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Randgold Resources (GOLD) Showing Support Near $83.85

Feb 08, 2018 ( via COMTEX) --

Randgold Resources (<a href="">GOLD</a>) closed Feb 7, 2018 at $85.38 and technical indicators recently have been bearish. With those figures in place, the algorithms behind's Artificial Intelligence Center have identified a couple of attractive trading opportunities in Randgold Resources for today. For investors looking for a high return, a diagonal spread pairing a long position in the Jan 18, 2019 $55 call and a short position in the Mar 16, 2018 $85 call for a net debit of about $28.65. This trade has an assigned return of 4.71% and 2.03% downside protection. For more a more conservative play, look at a covered call using the Mar 16, 2018 $85 call for a $28.65 net debit. This trade has an assigned return of 3.41% but the downside protection increases to 3.74%. Over the last 52 weeks the stock has traded between $83.18 and $108.29.A

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