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

Direxion Natural Gas Bear 3X (GASX) Showing Bearish Technicals With Resistance At $27.94

Dec 05, 2017 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Direxion Natural Gas Bear 3X (<a href="http://www.marketintelligencecenter.com/symbol/GASX">GASX</a>). Look at the Feb 16, 2018 $23 covered call for a net debit in the $21.92 area.<br /> <br /> This trade has a duration of 73 days. The break-even point of this trade is the same as the net debit, which gives this trade 17.64% downside protection. If the stock closes at or above $23 at expiration this trade will return 4.87% or 24.39% (for comparison purposes only). <br /> <br /> GASX closed Dec 4, 2017's trading session at $26.62. In the past year, the stock has hit a 52-week low of $17.73 and 52-week high of $47.19. Direxion Natural Gas Bear 3X stock has been showing support around $24.46 and resistance in the $27.94 range. Recent technical indicators for the stock are bearish.

(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 57.12
Nat Gas 2.834
Corn 351 6/8
Cotton #2 73.44
Gold 1251.3
Copper 2.9790
Euro 1.17850
USD Index 93.800
SP500 E-mini 2654.00
DJIA E-mini 24352
close_icon
open_icon