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S&P Global Natural Resources SPDR (GNR) Trading Near $45.94 Support Level

Feb 09, 2018 (Marketintelligencecenter.com via COMTEX) --

A covered call identified by MarketIntelligececenter.com's patented algorithm on S&P Global Natural Resources SPDR (<a href="http://www.marketintelligencecenter.com/symbol/GNR">GNR</a>) could yield about 2.57% (26.85% annualized, for comparison purposes only) in 35 days. Pair a long position in the stock with the Mar 16, 2018 $47 call for a net debit of about $45.82. This position also has 2.75% downside protection. S&P Global Natural Resources SPDR closed at $47.11 Feb 8, 2018. Technical indicators for GNR are bearish and support and resistance have been about $45.94 and $49.26, respectively.A

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