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Apex Silver Mines (SIL) Trading Near $35.85 Resistance Level

Sep 12, 2017 (Marketintelligencecenter.com via COMTEX) --

After Sep 11, 2017aEUR(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 5.52% or 15.63% (for comparison purposes only), while providing 7.59% downside protection. The trade is a Jan 19, 2018 covered call at the $34 level for a net debit of about $32.21. 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 $34.32 and $35.85, respectively.

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