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Apex Silver Mines (SIL) Trading Near $35.87 Resistance Level

Sep 13, 2017 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Apex Silver Mines (<a href="http://www.marketintelligencecenter.com/symbol/SIL">SIL</a>). Look at the Oct 20, 2017 $35 covered call for a net debit in the $34.10 area.<br /> <br /> This trade has a duration of 37 days. The break-even point of this trade is the same as the net debit, which gives this trade 3.39% downside protection. If the stock closes at or above $35 at expiration this trade will return 2.60% or 25.73% (for comparison purposes only). <br /> <br /> SIL closed Sep 12, 2017's trading session at $35.31. In the past year, the stock has hit a 52-week low of $30.50 and 52-week high of $49.07. Apex Silver Mines stock has been showing support around $34.39 and resistance in the $35.87 range. Recent technical indicators for the stock are bearish.

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