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Rice Midstream Partners LP (RMP) Showing Resistance Near $21.69

Dec 07, 2017 ( via COMTEX) --

For a hedged play on Rice Midstream Partners LP (<a href="">RMP</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Apr 20, 2018 $20 covered call for a net debit in the $19.10 area. That is also the break-even stock price for the covered call. This trade will return 4.65%, or 12.68% annualized (for comparison purposes only), in 134 days. This covered call also provides 8.60% downside protection. The current 52-week low is $16.87 and the 52-week high is $26.42. Rice Midstream Partners LP stock has been showing support around $20.08 and resistance in the $21.69 range. The stock closed Dec 6, 2017's trading session at $20.90.A

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