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Ipath.B Coffee Subindex TR Series B ETN (BJO) Showing Resistance Near $43.46

Oct 10, 2018 ( via COMTEX) --

After Oct 9, 2018aEUR(TM)s trading in Ipath.B Coffee Subindex TR Series B ETN (<a href="">BJO</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 3.19% or 31.50% (for comparison purposes only), while providing 4.90% downside protection. The trade is a Nov 16, 2018 covered call at the $42 level for a net debit of about $40.69. 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 $41.72 and $43.46, respectively.

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