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Ultra Gold Miners Proshares (GDXX) Showing Bearish Technicals With Resistance At $35.15

Feb 12, 2019 (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 18, 2019 $34 covered call for a net debit in the $32.27 area. That is also the break-even stock price for the covered call. This trade will return 5.36%, or 30.10% annualized (for comparison purposes only), in 65 days. This covered call also provides 5.97% downside protection. The current 52-week low is $21.89 and the 52-week high is $41. Ultra Gold Miners Proshares stock has been showing support around $33.81 and resistance in the $35.15 range. The stock closed Feb 11, 2019's trading session at $34.31.A

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