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Ultrashort Gold Miner Proshares (GDXS) Showing Bearish Technicals With Resistance At $19.78

Oct 12, 2018 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Ultrashort Gold Miner Proshares (<a href="">GDXS</a>). Look at the Feb 15, 2019 $17 covered call for a net debit in the $15.87 area.<br /> <br /> This trade has a duration of 126 days. The break-even point of this trade is the same as the net debit, which gives this trade 7.29% downside protection. If the stock closes at or above $17 at expiration this trade will return 7.05% or 20.43% (for comparison purposes only). <br /> <br /> GDXS closed Oct 11, 2018's trading session at $17.12. In the past year, the stock has hit a 52-week low of $12.13 and 52-week high of $23.12. Ultrashort Gold Miner Proshares stock has been showing support around $15.81 and resistance in the $19.78 range. Recent technical indicators for the stock are bearish.

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