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iShares North American Natural Resources ETF (IGE) Showing Support Near $36.86

May 16, 2018 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on iShares North American Natural Resources ETF (<a href="http://www.marketintelligencecenter.com/symbol/IGE">IGE</a>). Look at the Oct 19, 2018 $37 covered call for a net debit in the $36.04 area.<br /> <br /> This trade has a duration of 156 days. The break-even point of this trade is the same as the net debit, which gives this trade 3.22% downside protection. If the stock closes at or above $37 at expiration this trade will return 2.63% or 6.16% (for comparison purposes only). <br /> <br /> IGE closed May 15, 2018's trading session at $37.25. In the past year, the stock has hit a 52-week low of $30.59 and 52-week high of $38.02. iShares North American Natural Resources ETF stock has been showing support around $36.86 and resistance in the $37.46 range. Recent technical indicators for the stock are bearish.

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