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US Natural Gas (UNG) Showing Resistance Near $23.91

Feb 06, 2018 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on US Natural Gas (<a href="http://www.marketintelligencecenter.com/symbol/UNG">UNG</a>). Look at the Apr 20, 2018 $23 covered call for a net debit in the $21.98 area.<br /> <br /> This trade has a duration of 73 days. The break-even point of this trade is the same as the net debit, which gives this trade 5.37% downside protection. If the stock closes at or above $23 at expiration this trade will return 4.59% or 22.96% (for comparison purposes only). <br /> <br /> UNG closed Feb 5, 2018's trading session at $23.23. In the past year, the stock has hit a 52-week low of $20.40 and 52-week high of $31.84. US Natural Gas stock has been showing support around $22.77 and resistance in the $23.91 range. Recent technical indicators for the stock are bearish.

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