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Ultrashort Gold Miner Proshares (GDXS) Trading Near $12.95 Support Level

Jan 03, 2018 (Marketintelligencecenter.com via COMTEX) --

After Jan 2, 2018aEUR(TM)s trading in Ultrashort Gold Miner Proshares (<a href="http://www.marketintelligencecenter.com/symbol/GDXS">GDXS</a>) the algorithms behind MarketIntelligenceCenter.com's Artifical Intelligence Center picked out a trade that offers a 14.13% or 22.82% (for comparison purposes only), while providing 14.29% downside protection. The trade is a Aug 17, 2018 covered call at the $13 level for a net debit of about $11.38. The net debit is also the breakeven point for this trade. Technical indicators for the stock have been bearish recently and support and resistance have been in the area of $12.95 and $13.93, respectively.

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