Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

iShares North American Natural Resources ETF (IGE) Showing Bearish Technicals With Resistance At $34.48

Nov 10, 2017 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on iShares North American Natural Resources ETF (<a href="http://www.marketintelligencecenter.com/symbol/IGE">IGE</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Apr 20, 2018 $34 covered call for a net debit in the $32.78 area. That is also the break-even stock price for the covered call. This trade will return 3.69%, or 8.36% annualized (for comparison purposes only), in 161 days. This covered call also provides 4.23% 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 $33.78 and resistance in the $34.48 range. The stock closed Nov 9, 2017's trading session at $34.24.A

(C) Copyright 2017, Marketintelligencecenter.com. All rights reserved.

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 58.47
Nat Gas 2.920
Corn 345 2/8
Cotton #2 71.14
Gold 1290.1
Copper 3.1645
Euro 1.18570
USD Index 93.140
SP500 E-mini 2598.25
DJIA E-mini 23521
close_icon
open_icon