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DJ-UBS Coffee TR Sub-Idx ETN Ipath (JO) Showing Bearish Technicals With Resistance At $16.57

Nov 07, 2017 (Marketintelligencecenter.com via COMTEX) --

After Nov 6, 2017aEUR(TM)s trading in DJ-UBS Coffee TR Sub-Idx ETN Ipath (<a href="http://www.marketintelligencecenter.com/symbol/JO">JO</a>) the algorithms behind MarketIntelligenceCenter.com's Artifical Intelligence Center picked out a trade that offers a 6.59% or 18.66% (for comparison purposes only), while providing 7.40% downside protection. The trade is a Mar 16, 2018 covered call at the $16 level for a net debit of about $15.01. 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 $15.69 and $16.57, respectively.

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