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Natural Gas Services Group (NGS) Showing Bearish Technicals With Support At $24.97

Feb 08, 2018 ( via COMTEX) --

After Feb 7, 2018aEUR(TM)s trading in Natural Gas Services Group (<a href="">NGS</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 5.93% or 13.36% (for comparison purposes only), while providing 7.81% downside protection. The trade is a Jul 20, 2018 covered call at the $25 level for a net debit of about $23.60. The net debit is also the breakeven point for this trade. Technical indicators for the stock have been bearish recently and support and resistance have been in the area of $24.97 and $26.77, respectively.

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