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Apex Silver Mines (SIL) Showing Bearish Technicals With Resistance At $33.33

Jan 11, 2018 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on Apex Silver Mines (<a href="http://www.marketintelligencecenter.com/symbol/SIL">SIL</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Apr 20, 2018 $32 covered call for a net debit in the $30.84 area. That is also the break-even stock price for the covered call. This trade will return 3.76%, or 13.86% annualized (for comparison purposes only), in 99 days. This covered call also provides 6.09% downside protection. The current 52-week low is $29.42 and the 52-week high is $41.68. Apex Silver Mines stock has been showing support around $32.31 and resistance in the $33.33 range. The stock closed Jan 10, 2018's trading session at $32.84.A

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