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Apex Silver Mines (SIL) Showing Bearish Technicals With Support At $32.23

Jan 09, 2018 ( via COMTEX) --

After Jan 8, 2018aEUR(TM)s trading in Apex Silver Mines (<a href="">SIL</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 3.96% or 14.32% (for comparison purposes only), while providing 5.52% downside protection. The trade is a Apr 20, 2018 covered call at the $32 level for a net debit of about $30.77. 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 $32.23 and $33.01, respectively.

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