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Potential Global Brass and Copper Holdin (BRSS) Trade Could Hit 2.91% Return

Nov 07, 2017 (Marketintelligencecenter.com via COMTEX) --

A covered call identified by MarketIntelligececenter.com's patented algorithm on Global Brass and Copper Holdin (<a href="http://www.marketintelligencecenter.com/symbol/BRSS">BRSS</a>) could yield about 2.91% (6.48% annualized, for comparison purposes only) in 164 days. Pair a long position in the stock with the Apr 20, 2018 $30 call for a net debit of about $29.14. This position also has 13.62% downside protection. Global Brass and Copper Holdin closed at $33.75 Nov 6, 2017. Technical indicators for BRSS are bearish and support and resistance have been about $32.35 and $34.55, respectively.A

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