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Apex Silver Mines (SIL) Showing Resistance Near $36.69

Sep 11, 2017 ( via COMTEX) --

For a hedged play on Apex Silver Mines (<a href="">SIL</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Oct 20, 2017 $35 covered call for a net debit in the $33.96 area. That is also the break-even stock price for the covered call. This trade will return 3%, or 28.07% annualized (for comparison purposes only), in 39 days. This covered call also provides 4.49% downside protection. The current 52-week low is $30.50 and the 52-week high is $49.07. Apex Silver Mines stock has been showing support around $34.91 and resistance in the $36.69 range. The stock closed Sep 8, 2017's trading session at $35.57.A

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