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iShares North American Natural Resources ETF (IGE) Trading Near $33.58 Support Level

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

A covered call identified by MarketIntelligececenter.com's patented algorithm on iShares North American Natural Resources ETF (<a href="http://www.marketintelligencecenter.com/symbol/IGE">IGE</a>) could yield about 3.83% (6.19% annualized, for comparison purposes only) in 226 days. Pair a long position in the stock with the Jul 20, 2018 $33 call for a net debit of about $31.77. This position also has 6.05% downside protection. iShares North American Natural Resources ETF closed at $33.83 Dec 5, 2017. Technical indicators for IGE are bearish and support and resistance have been about $33.58 and $34.14, respectively.A

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