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Randgold Resources (GOLD) Trading Near $77.42 Support Level

Jun 14, 2018 ( via COMTEX) --

After Jun 13, 2018aEUR(TM)s trading in Randgold Resources (<a href="">GOLD</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 2.17% or 22.05% (for comparison purposes only), while providing 3.49% downside protection. The trade is a Jul 20, 2018 covered call at the $77.50 level for a net debit of about $75.84. The net debit is also the breakeven point for this trade. Technical indicators for the stock have been bearish recently and support and resistance have been in the area of $77.42 and $79.70, respectively.

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