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Ipath.B Coffee Subindex TR Series B ETN (BJO) Trading Near $47.42 Resistance Level

Apr 16, 2018 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on Ipath.B Coffee Subindex TR Series B ETN (<a href="http://www.marketintelligencecenter.com/symbol/BJO">BJO</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jun 15, 2018 $47 covered call for a net debit in the $45.57 area. That is also the break-even stock price for the covered call. This trade will return 3.12%, or 19.07% annualized (for comparison purposes only), in 60 days. This covered call also provides 3.39% downside protection. The current 52-week low is $46.55 and the 52-week high is $49.99. Ipath.B Coffee Subindex TR Series B ETN stock has been showing support around $46.86 and resistance in the $47.42 range. The stock closed Apr 13, 2018's trading session at $47.14.A

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