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Global Brass and Copper Holdin (BRSS) Showing Resistance Near $31.60

May 18, 2017 ( via COMTEX) --

After May 17, 2017aEUR(TM)s trading in Global Brass and Copper Holdin (<a href="">BRSS</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 4.52% or 25.83% (for comparison purposes only), while providing 4.96% downside protection. The trade is a Jul 21, 2017 covered call at the $30 level for a net debit of about $28.69. 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 $29.10 and $31.60, respectively.

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