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S&P Oil & Gas Equipment & Services SPDR (XES) Trading Near $11.42 Resistance Level

Feb 12, 2019 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on S&P Oil & Gas Equipment & Services SPDR (<a href="http://www.marketintelligencecenter.com/symbol/XES">XES</a>). Look at the Sep 20, 2019 $11 covered call for a net debit in the $9.94 area.<br /> <br /> This trade has a duration of 220 days. The break-even point of this trade is the same as the net debit, which gives this trade 10.77% downside protection. If the stock closes at or above $11 at expiration this trade will return 10.66% or 17.69% (for comparison purposes only). <br /> <br /> XES closed Feb 11, 2019's trading session at $11.14. In the past year, the stock has hit a 52-week low of $8.14 and 52-week high of $19.19. S&P Oil & Gas Equipment & Services SPDR stock has been showing support around $10.66 and resistance in the $11.42 range. Recent technical indicators for the stock are bearish.

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