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Purefunds ISE Junior Silver ETF (SILJ) Showing Bearish Technicals

Oct 10, 2017 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Purefunds ISE Junior Silver ETF (<a href="http://www.marketintelligencecenter.com/symbol/SILJ">SILJ</a>). Look at the May 18, 2018 $12 covered call for a net debit in the $11.05 area.<br /> <br /> This trade has a duration of 220 days. The break-even point of this trade is the same as the net debit, which gives this trade 10.51% downside protection. If the stock closes at or above $12 at expiration this trade will return 8.49% or 14.10% (for comparison purposes only). <br /> <br /> SILJ closed Oct 9, 2017's trading session at $12.35. In the past year, the stock has hit a 52-week low of $11 and 52-week high of $16.27. Purefunds ISE Junior Silver ETF stock has been showing support around $12.27 and resistance in the $12.51 range. Recent technical indicators for the stock are bearish.

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