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Market Vectors Gold Miners (GDX) Showing Bearish Technicals With Support At $22.63

Nov 27, 2017 ( via COMTEX) --

Market Vectors Gold Miners (<a href="">GDX</a>) closed Nov 24, 2017 at $22.82 and technical indicators recently have been bearish. With those figures in place, the algorithms behind's Artificial Intelligence Center have identified a couple of attractive trading opportunities in Market Vectors Gold Miners for today. For investors looking for a high return, a diagonal spread pairing a long position in the Jan 18, 2019 $15 call and a short position in the Mar 16, 2018 $22.50 call for a net debit of about $6.99. This trade has an assigned return of 7.29% and 3.67% downside protection. For more a more conservative play, look at a covered call using the Mar 16, 2018 $22.50 call for a $6.99 net debit. This trade has an assigned return of 4.54% but the downside protection increases to 5.73%. Over the last 52 weeks the stock has traded between $18.58 and $25.71.A

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