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Global Brass and Copper Holdin (BRSS) Showing Bearish Technicals With Resistance At $35.37

Oct 12, 2017 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on Global Brass and Copper Holdin (<a href="http://www.marketintelligencecenter.com/symbol/BRSS">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

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