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Ultra Gold Miners Proshares (GDXX) Showing Bearish Technicals With Resistance At $40.13

Nov 30, 2017 ( via COMTEX) --

After Nov 29, 2017aEUR(TM)s trading in Ultra Gold Miners Proshares (<a href="">GDXX</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 12.87% or 33.34% (for comparison purposes only), while providing 11.52% downside protection. The trade is a Apr 20, 2018 covered call at the $39 level for a net debit of about $34.54. 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 $38.43 and $40.13, respectively.

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