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Ultra Gold Miners Proshares (GDXX) Showing Resistance Near $37.89

Dec 06, 2017 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Ultra Gold Miners Proshares (<a href="">GDXX</a>). Look at the Apr 20, 2018 $37 covered call for a net debit in the $32.97 area.<br /> <br /> This trade has a duration of 135 days. The break-even point of this trade is the same as the net debit, which gives this trade 11.29% downside protection. If the stock closes at or above $37 at expiration this trade will return 12.18% or 32.95% (for comparison purposes only). <br /> <br /> GDXX closed Dec 5, 2017's trading session at $37.18. In the past year, the stock has hit a 52-week low of $29.50 and 52-week high of $55.05. Ultra Gold Miners Proshares stock has been showing support around $36.29 and resistance in the $37.89 range. Recent technical indicators for the stock are bearish.

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