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Apex Silver Mines (SIL) Showing Bearish Technicals With Resistance At $34.11

Jan 03, 2018 (Marketintelligencecenter.com via COMTEX) --

After Jan 2, 2018aEUR(TM)s trading in Apex Silver Mines (<a href="http://www.marketintelligencecenter.com/symbol/SIL">SIL</a>) the algorithms behind MarketIntelligenceCenter.com's Artifical Intelligence Center picked out a trade that offers a 4.49% or 15.33% (for comparison purposes only), while providing 5.95% downside protection. The trade is a Apr 20, 2018 covered call at the $33 level for a net debit of about $31.57. 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 $32.55 and $34.11, respectively.

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