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Global Brass and Copper Holdin (BRSS) Showing Bearish Technicals With Resistance At $37.30

Mar 16, 2017 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Global Brass and Copper Holdin (<a href="http://www.marketintelligencecenter.com/symbol/BRSS">BRSS</a>). Look at the Jul 21, 2017 $35 covered call for a net debit in the $33 area.<br /> <br /> This trade has a duration of 127 days. The break-even point of this trade is the same as the net debit, which gives this trade 9.09% downside protection. If the stock closes at or above $35 at expiration this trade will return 6.06% or 17.41% (for comparison purposes only). <br /> <br /> BRSS closed Mar 15, 2017's trading session at $36.29. In the past year, the stock has hit a 52-week low of $22.75 and 52-week high of $39.85. Global Brass and Copper Holdin stock has been showing support around $35.50 and resistance in the $37.30 range. Recent technical indicators for the stock are bearish.

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