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Ipath.B Coffee Subindex TR Series B ETN (BJO) Showing Support Near $43.76

Jul 11, 2018 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Ipath.B Coffee Subindex TR Series B ETN (<a href="">BJO</a>). Look at the Aug 17, 2018 $44 covered call for a net debit in the $43.07 area.<br /> <br /> This trade has a duration of 37 days. The break-even point of this trade is the same as the net debit, which gives this trade 3.14% downside protection. If the stock closes at or above $44 at expiration this trade will return 2.15% or 21.30% (for comparison purposes only). <br /> <br /> BJO closed Jul 10, 2018's trading session at $44.47. In the past year, the stock has hit a 52-week low of $42.14 and 52-week high of $49.99. Ipath.B Coffee Subindex TR Series B ETN stock has been showing support around $43.76 and resistance in the $45.20 range. Recent technical indicators for the stock are bearish.

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