Return to News Categories

Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

Global Brass and Copper Holdin (BRSS) Showing Bearish Technicals With Resistance At $33.83

Jun 13, 2018 ( via COMTEX) --

For a hedged play on Global Brass and Copper Holdin (<a href="">BRSS</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jan 18, 2019 $30 covered call for a net debit in the $28.40 area. That is also the break-even stock price for the covered call. This trade will return 5.63%, or 9.38% annualized (for comparison purposes only), in 219 days. This covered call also provides 14.19% downside protection. The current 52-week low is $27.50 and the 52-week high is $36.50. Global Brass and Copper Holdin stock has been showing support around $32.33 and resistance in the $33.83 range. The stock closed Jun 12, 2018's trading session at $33.09.A

(C) Copyright 2018, All rights reserved.

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 69.28
Nat Gas 8.535
Corn 357 2/8
Cotton #2 85.30
Gold 1271.1
Copper 3.0270
Euro 1.17340
USD Index 94.180
SP500 E-mini 2756.50
DJIA E-mini 24599