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DJ-UBS Coffee TR Sub-Idx ETN Ipath (JO) Showing Resistance Near $16.25

Dec 06, 2017 ( via COMTEX) --

After Dec 5, 2017aEUR(TM)s trading in DJ-UBS Coffee TR Sub-Idx ETN Ipath (<a href="">JO</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 10.94% or 9.79% (for comparison purposes only), while providing 15.34% downside protection. The trade is a Jan 18, 2019 covered call at the $15 level for a net debit of about $13.51. The net debit is also the breakeven point for this trade. Technical indicators for the stock have been bearish recently and support and resistance have been in the area of $15.81 and $16.25, respectively.

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