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Global Brass and Copper Holdin (BRSS) Trading Near $36.06 Resistance Level

Oct 11, 2018 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Global Brass and Copper Holdin (<a href="http://www.marketintelligencecenter.com/symbol/BRSS">BRSS</a>). Look at the Apr 18, 2019 $30 covered call for a net debit in the $28.50 area.<br /> <br /> This trade has a duration of 189 days. The break-even point of this trade is the same as the net debit, which gives this trade 17.14% downside protection. If the stock closes at or above $30 at expiration this trade will return 5.22% or 10.09% (for comparison purposes only). <br /> <br /> BRSS closed Oct 10, 2018's trading session at $34.40. In the past year, the stock has hit a 52-week low of $27.50 and 52-week high of $39.05. Global Brass and Copper Holdin stock has been showing support around $33.42 and resistance in the $36.06 range. Recent technical indicators for the stock are bearish.

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