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Apex Silver Mines (SIL) Showing Bearish Technicals With Resistance At $27.57

Feb 07, 2019 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Apex Silver Mines (<a href="http://www.marketintelligencecenter.com/symbol/SIL">SIL</a>). Look at the Jul 19, 2019 $26 covered call for a net debit in the $24.89 area.<br /> <br /> This trade has a duration of 162 days. The break-even point of this trade is the same as the net debit, which gives this trade 7.26% downside protection. If the stock closes at or above $26 at expiration this trade will return 4.45% or 10.04% (for comparison purposes only). <br /> <br /> SIL closed Feb 6, 2019's trading session at $26.84. In the past year, the stock has hit a 52-week low of $22.36 and 52-week high of $32.08. Apex Silver Mines stock has been showing support around $26.24 and resistance in the $27.57 range. Recent technical indicators for the stock are bearish.

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