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Global Brass and Copper Holdin (BRSS) Showing Bearish Technicals With Support At $28.77

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

After Sep 11, 2017aEUR(TM)s trading in Global Brass and Copper Holdin (<a href="http://www.marketintelligencecenter.com/symbol/BRSS">BRSS</a>) the algorithms behind MarketIntelligenceCenter.com's Artifical Intelligence Center picked out a trade that offers a 3.73% or 6.19% (for comparison purposes only), while providing 18.02% downside protection. The trade is a Apr 20, 2018 covered call at the $25 level for a net debit of about $24.09. 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 $28.77 and $30.07, respectively.

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