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Global Brass and Copper Holdin (BRSS) Showing Bearish Technicals With Resistance At $34.27

Jun 12, 2018 ( via COMTEX) --

After Jun 11, 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 5.63% or 9.34% (for comparison purposes only), while providing 14.71% downside protection. The trade is a Jan 18, 2019 covered call at the $30 level for a net debit of about $28.39. 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 $31.67 and $34.27, respectively.

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