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Apex Silver Mines (SIL) Trading Near $34.83 Resistance Level

Oct 11, 2017 (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 2.93% (28.97% annualized, for comparison purposes only) in 37 days. Pair a long position in the stock with the Nov 17, 2017 $34 call for a net debit of about $33.03. This position also has 3.08% downside protection. Apex Silver Mines closed at $34.08 Oct 10, 2017. Technical indicators for SIL are bearish and support and resistance have been about $33.67 and $34.83, respectively.A

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