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Apex Silver Mines (SIL) Trading Near $31.46 Resistance Level

Apr 12, 2018 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Apex Silver Mines (<a href="">SIL</a>). Look at the Jul 20, 2018 $30 covered call for a net debit in the $28.73 area.<br /> <br /> This trade has a duration of 99 days. The break-even point of this trade is the same as the net debit, which gives this trade 6.50% downside protection. If the stock closes at or above $30 at expiration this trade will return 4.42% or 16.29% (for comparison purposes only). <br /> <br /> SIL closed Apr 11, 2018's trading session at $30.72. In the past year, the stock has hit a 52-week low of $28.21 and 52-week high of $38.55. Apex Silver Mines stock has been showing support around $30.14 and resistance in the $31.46 range. Recent technical indicators for the stock are bearish.

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