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Natural Resource Partners LP (NRP) Trading Near $29.28 Resistance Level

Feb 08, 2018 ( via COMTEX) --

After Feb 7, 2018aEUR(TM)s trading in Natural Resource Partners LP (<a href="">NRP</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 4.38% or 9.87% (for comparison purposes only), while providing 15.22% downside protection. The trade is a Jul 20, 2018 covered call at the $25 level for a net debit of about $23.94. 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 $27.58 and $29.28, respectively.

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