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Apex Silver Mines (SIL) Trading Near $29.70 Resistance Level

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

A covered call identified by MarketIntelligececenter.com's patented algorithm on Apex Silver Mines (<a href="http://www.marketintelligencecenter.com/symbol/SIL">SIL</a>) could yield about 4.27% (15.61% annualized, for comparison purposes only) in 100 days. Pair a long position in the stock with the Oct 19, 2018 $29 call for a net debit of about $27.80. This position also has 5.44% downside protection. Apex Silver Mines closed at $29.40 Jul 10, 2018. Technical indicators for SIL are bearish and support and resistance have been about $29.21 and $29.70, respectively.A

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