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Ipath.B Cotton Subindex TR Series B ETN (BALB) Showing Resistance Near $57.95

Jun 14, 2018 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on Ipath.B Cotton Subindex TR Series B ETN (<a href="http://www.marketintelligencecenter.com/symbol/BALB">BALB</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jul 20, 2018 $57 covered call for a net debit in the $55.71 area. That is also the break-even stock price for the covered call. This trade will return 2.29%, or 23.29% annualized (for comparison purposes only), in 36 days. This covered call also provides 3.29% downside protection. The current 52-week low is $46.53 and the 52-week high is $58.52. Ipath.B Cotton Subindex TR Series B ETN stock has been showing support around $57.29 and resistance in the $57.95 range. The stock closed Jun 13, 2018's trading session at $57.61.A

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Lt Crude 66.32
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