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Ultrashort Gold Miner Proshares (GDXS) Showing Bearish Technicals With Support At $14.64

Nov 10, 2017 ( 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 May 18, 2018 $14 covered call for a net debit in the $12.58 area.<br /> <br /> This trade has a duration of 189 days. The break-even point of this trade is the same as the net debit, which gives this trade 15.45% downside protection. If the stock closes at or above $14 at expiration this trade will return 11.28% or 21.79% (for comparison purposes only). <br /> <br /> GDXS closed Nov 9, 2017's trading session at $14.88. In the past year, the stock has hit a 52-week low of $12.07 and 52-week high of $27.53. Ultrashort Gold Miner Proshares stock has been showing support around $14.64 and resistance in the $15 range. Recent technical indicators for the stock are bearish.

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