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Ultra Gold Miners Proshares (GDXX) Showing Bearish Technicals

Jan 12, 2018 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on Ultra Gold Miners Proshares (<a href="http://www.marketintelligencecenter.com/symbol/GDXX">GDXX</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Apr 20, 2018 $42 covered call for a net debit in the $38.45 area. That is also the break-even stock price for the covered call. This trade will return 9.23%, or 34.38% annualized (for comparison purposes only), in 98 days. This covered call also provides 9.42% downside protection. The current 52-week low is $34.90 and the 52-week high is $55.05. Ultra Gold Miners Proshares stock has been showing support around $42.12 and resistance in the $42.66 range. The stock closed Jan 11, 2018's trading session at $42.45.A

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