Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

Apex Silver Mines (SIL) Showing Bearish Technicals With Resistance At $31.47

Dec 01, 2017 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Apex Silver Mines (<a href="http://www.marketintelligencecenter.com/symbol/SIL">SIL</a>). Look at the Apr 20, 2018 $31 covered call for a net debit in the $29.37 area.<br /> <br /> This trade has a duration of 140 days. The break-even point of this trade is the same as the net debit, which gives this trade 5.47% downside protection. If the stock closes at or above $31 at expiration this trade will return 5.54% or 14.46% (for comparison purposes only). <br /> <br /> SIL closed Nov 30, 2017's trading session at $31.06. In the past year, the stock has hit a 52-week low of $30.28 and 52-week high of $41.68. Apex Silver Mines stock has been showing support around $30.63 and resistance in the $31.47 range. Recent technical indicators for the stock are bearish.

(C) Copyright 2017, Marketintelligencecenter.com. All rights reserved.

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 57.14
Nat Gas 2.836
Corn 351 2/8
Cotton #2 73.52
Gold 1251.5
Copper 2.9750
Euro 1.17980
USD Index 93.750
SP500 E-mini 2653.25
DJIA E-mini 24357
close_icon
open_icon