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Randgold Resources (GOLD) Trading Near $95.66 Support Level

Aug 11, 2017 (Marketintelligencecenter.com via COMTEX) --

A covered call identified by MarketIntelligececenter.com's patented algorithm on Randgold Resources (<a href="http://www.marketintelligencecenter.com/symbol/GOLD">GOLD</a>) could yield about 2.22% (23.22% annualized, for comparison purposes only) in 35 days. Pair a long position in the stock with the Sep 15, 2017 $95 call for a net debit of about $92.93. This position also has 4.12% downside protection. Randgold Resources closed at $96.93 Aug 10, 2017. Technical indicators for GOLD are bearish and support and resistance have been about $95.66 and $97.72, respectively.A

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