Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
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 Support At $31.98

Jul 11, 2018 (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 Oct 19, 2018 $30 covered call for a net debit in the $29.05 area. That is also the break-even stock price for the covered call. This trade will return 3.27%, or 11.93% annualized (for comparison purposes only), in 100 days. This covered call also provides 10.20% downside protection. The current 52-week low is $27.50 and the 52-week high is $36.50. Global Brass and Copper Holdin stock has been showing support around $31.98 and resistance in the $32.78 range. The stock closed Jul 10, 2018's trading session at $32.34.A

(C) Copyright 2018, Marketintelligencecenter.com. 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 68.14
Nat Gas 8.598
Corn 369
Cotton #2 87.08
Gold 1231.9
Copper 2.7505
Euro 1.17635
USD Index 94.226
SP500 E-mini 2803.50
DJIA E-mini 25030
close_icon
open_icon