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) Trading Near $32.52 Resistance Level

Jul 12, 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 $28.84 area. That is also the break-even stock price for the covered call. This trade will return 3.98%, or 14.69% annualized (for comparison purposes only), in 99 days. This covered call also provides 9.70% 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 $31.42 and resistance in the $32.52 range. The stock closed Jul 11, 2018's trading session at $31.95.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 67.82
Nat Gas 2.742
Corn 361 6/8
Cotton #2 88.34
Gold 1227.6
Copper 2.7515
Euro 1.17090
USD Index 94.775
SP500 E-mini 2815.50
DJIA E-mini 25142
close_icon
open_icon