Return to News Categories

Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

Ultra Petroleum (UPL) Showing Bearish Technicals With Resistance At $9.81

Jan 03, 2018 ( via COMTEX) --

For a hedged play on Ultra Petroleum (<a href="">UPL</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jan 18, 2019 $7.50 covered call for a net debit in the $6.53 area. That is also the break-even stock price for the covered call. This trade will return 14.85%, or 14.26% annualized (for comparison purposes only), in 380 days. This covered call also provides 30.38% downside protection. The current 52-week low is $7.37 and the 52-week high is $13.60. Ultra Petroleum stock has been showing support around $8.85 and resistance in the $9.81 range. The stock closed Jan 2, 2018's trading session at $9.38.A

(C) Copyright 2018, All rights reserved.

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 63.86
Nat Gas 3.072
Corn 347 4/8
Cotton #2 81.16
Gold 1335.2
Copper 3.1910
Euro 1.22665
USD Index 90.470
SP500 E-mini 2801.75
DJIA E-mini 26032