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Randgold Resources (GOLD) Trading Near $92.30 Resistance Level

Nov 09, 2017 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Randgold Resources (<a href="">GOLD</a>). Look at the Dec 15, 2017 $90 covered call for a net debit in the $88.01 area.<br /> <br /> This trade has a duration of 36 days. The break-even point of this trade is the same as the net debit, which gives this trade 3.71% downside protection. If the stock closes at or above $90 at expiration this trade will return 2.24% or 22.80% (for comparison purposes only). <br /> <br /> GOLD closed Nov 8, 2017's trading session at $91.41. In the past year, the stock has hit a 52-week low of $67.54 and 52-week high of $108.29. Randgold Resources stock has been showing support around $90.62 and resistance in the $92.30 range. Recent technical indicators for the stock are bearish.

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