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 $35.37

Oct 12, 2017 ( 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 Apr 20, 2018 $30 covered call for a net debit in the $29.10 area. That is also the break-even stock price for the covered call. This trade will return 3.09%, or 5.94% annualized (for comparison purposes only), in 190 days. This covered call also provides 15.89% downside protection. The current 52-week low is $22.75 and the 52-week high is $39.85. Global Brass and Copper Holdin stock has been showing support around $33.47 and resistance in the $35.37 range. The stock closed Oct 11, 2017's trading session at $34.59.A

(C) Copyright 2017, 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 52.12
Nat Gas 2.986
Corn 345
Cotton #2 68.32
Gold 1277.1
Copper 3.1715
Euro 1.17760
USD Index 93.850
SP500 E-mini 2576.75
DJIA E-mini 23303