Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

Ultra Gold Proshares (UGL) Showing Bearish Technicals With Support At $38.01

Dec 06, 2017 (Marketintelligencecenter.com via COMTEX) --

After Dec 5, 2017aEUR(TM)s trading in Ultra Gold Proshares (<a href="http://www.marketintelligencecenter.com/symbol/UGL">UGL</a>) the algorithms behind MarketIntelligenceCenter.com's Artifical Intelligence Center picked out a trade that offers a 2.73% or 13.84% (for comparison purposes only), while providing 4.02% downside protection. The trade is a Feb 16, 2018 covered call at the $38 level for a net debit of about $36.99. 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 $38.01 and $38.89, respectively.

(C) Copyright 2017, Marketintelligencecenter.com. All rights reserved.

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 56.77
Nat Gas 2.679
Corn 349 4/8
Cotton #2 74.90
Gold 1255.5
Copper 3.0685
Euro 1.17725
USD Index 93.715
SP500 E-mini 2667.00
DJIA E-mini 24634
close_icon
open_icon