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iShares North American Natural Resources ETF (IGE) Showing Bearish Technicals With Resistance At $32.67

Sep 13, 2017 ( via COMTEX) --

For a hedged play on iShares North American Natural Resources ETF (<a href="">IGE</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Apr 20, 2018 $32 covered call for a net debit in the $31.10 area. That is also the break-even stock price for the covered call. This trade will return 2.89%, or 4.82% annualized (for comparison purposes only), in 219 days. This covered call also provides 4.16% downside protection. The current 52-week low is $30.59 and the 52-week high is $37.62. iShares North American Natural Resources ETF stock has been showing support around $32.09 and resistance in the $32.67 range. The stock closed Sep 12, 2017's trading session at $32.45.A

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