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Global Brass and Copper Holdin (BRSS) Showing Bearish Technicals With Resistance At $32.92

Jul 10, 2018 ( via COMTEX) --

After Jul 9, 2018aEUR(TM)s trading in Global Brass and Copper Holdin (<a href="">BRSS</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 3.27% or 11.81% (for comparison purposes only), while providing 10.47% downside protection. The trade is a Oct 19, 2018 covered call at the $30 level for a net debit of about $29.05. 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 $32.22 and $32.92, respectively.

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