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Apex Silver Mines (SIL) Trading Near $29.15 Support Level

Jul 10, 2018 (Marketintelligencecenter.com via COMTEX) --

After Jul 9, 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 3.46% or 12.50% (for comparison purposes only), while providing 5.24% downside protection. The trade is a Oct 19, 2018 covered call at the $29 level for a net debit of about $28.02. 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 $29.15 and $30.17, respectively.

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