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Silver Standard Resources Inc (SSRM) Showing Bearish Technicals With Resistance At $8.77

Mar 08, 2018 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Silver Standard Resources Inc (<a href="">SSRM</a>). Look at the Jan 18, 2019 $8 covered call for a net debit in the $6.85 area.<br /> <br /> This trade has a duration of 316 days. The break-even point of this trade is the same as the net debit, which gives this trade 18.45% downside protection. If the stock closes at or above $8 at expiration this trade will return 16.78% or 19.39% (for comparison purposes only). <br /> <br /> SSRM closed Mar 7, 2018's trading session at $8.39. In the past year, the stock has hit a 52-week low of $7.64 and 52-week high of $11.49. Silver Standard Resources Inc stock has been showing support around $8.19 and resistance in the $8.77 range. Recent technical indicators for the stock are bearish.

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