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iShares MSCI Global Gold Miners (RING) Showing Bearish Technicals With Resistance At $15.63

Dec 06, 2018 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on iShares MSCI Global Gold Miners (<a href="http://www.marketintelligencecenter.com/symbol/RING">RING</a>). Look at the Jul 19, 2019 $15 covered call for a net debit in the $14 area.<br /> <br /> This trade has a duration of 225 days. The break-even point of this trade is the same as the net debit, which gives this trade 7.58% downside protection. If the stock closes at or above $15 at expiration this trade will return 7.05% or 11.46% (for comparison purposes only). <br /> <br /> RING closed Dec 5, 2018's trading session at $15.15. In the past year, the stock has hit a 52-week low of $13.33 and 52-week high of $20.35. iShares MSCI Global Gold Miners stock has been showing support around $14.89 and resistance in the $15.63 range. Recent technical indicators for the stock are bearish.

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