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Ultra Gold Miners Proshares (GDXX) Trading Near $35.53 Support Level

Dec 07, 2017 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Ultra Gold Miners Proshares (<a href="http://www.marketintelligencecenter.com/symbol/GDXX">GDXX</a>). Look at the Jan 19, 2018 $35 covered call for a net debit in the $33.70 area.<br /> <br /> This trade has a duration of 43 days. The break-even point of this trade is the same as the net debit, which gives this trade 6.77% downside protection. If the stock closes at or above $35 at expiration this trade will return 3.82% or 32.48% (for comparison purposes only). <br /> <br /> GDXX closed Dec 6, 2017's trading session at $36.15. 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 $35.53 and resistance in the $37.09 range. Recent technical indicators for the stock are bearish.

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