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Ultrashort Gold Miner Proshares (GDXS) Showing Support Near $15.04

Mar 08, 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 Aug 17, 2018 $15 covered call for a net debit in the $14.13 area.<br /> <br /> This trade has a duration of 162 days. The break-even point of this trade is the same as the net debit, which gives this trade 9.87% downside protection. If the stock closes at or above $15 at expiration this trade will return 6.08% or 13.70% (for comparison purposes only). <br /> <br /> GDXS closed Mar 7, 2018's trading session at $15.68. In the past year, the stock has hit a 52-week low of $12.07 and 52-week high of $19.53. Ultrashort Gold Miner Proshares stock has been showing support around $15.04 and resistance in the $16.02 range. Recent technical indicators for the stock are bearish.

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