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) Trading Near $71.77 Support Level

Jul 12, 2018 ( via COMTEX) --

For a hedged play on Randgold Resources (<a href="">GOLD</a>) MarketIntelligenceCenter.comaEUR(TM)s patented trade-picking algorithms recommend the Aug 17, 2018 $72.50 covered call for a net debit in the $70.09 area. That is also the break-even stock price for the covered call. This trade will return 3.43%, or 34.86% annualized (for comparison purposes only), in 36 days. This covered call also provides 3.90% downside protection. The current 52-week low is $72.75 and the 52-week high is $108.29. Randgold Resources stock has been showing support around $71.77 and resistance in the $74.91 range. The stock closed Jul 11, 2018's trading session at $72.94. Technical indicators for the stock are bearish and S&P gives GOLD a 4 STARS (out of 5) buy ranking.

(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 67.73
Nat Gas 2.746
Corn 361 6/8
Cotton #2 88.44
Gold 1227.9
Copper 2.7565
Euro 1.17065
USD Index 94.790
SP500 E-mini 2814.25
DJIA E-mini 25135