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iShares North American Natural Resources ETF (IGE) Trading Near $33.38 Resistance Level

Mar 08, 2018 ( via COMTEX) --

A covered call identified by's patented algorithm on iShares North American Natural Resources ETF (<a href="">IGE</a>) could yield about 2.86% (7.79% annualized, for comparison purposes only) in 134 days. Pair a long position in the stock with the Jul 20, 2018 $32 call for a net debit of about $31.10. This position also has 5.46% downside protection. iShares North American Natural Resources ETF closed at $32.90 Mar 7, 2018. Technical indicators for IGE are bearish and support and resistance have been about $32.42 and $33.38, respectively.A

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