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Global Brass and Copper Holdin (BRSS) Showing Support Near $36.07

Mar 17, 2017 ( via COMTEX) --

After Mar 16, 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 4.79% or 13.87% (for comparison purposes only), while providing 9.72% downside protection. The trade is a Jul 21, 2017 covered call at the $35 level for a net debit of about $33.39. 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 $36.07 and $37.47, respectively.

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