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DJ-UBS Copper TR Sub-Idx ETN Ipath (JJC) Showing Bearish Technicals With Support At $34.63

Dec 04, 2017 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on DJ-UBS Copper TR Sub-Idx ETN Ipath (<a href="http://www.marketintelligencecenter.com/symbol/JJC">JJC</a>). Look at the Jun 15, 2018 $35 covered call for a net debit in the $33.07 area.<br /> <br /> This trade has a duration of 193 days. The break-even point of this trade is the same as the net debit, which gives this trade 5.70% downside protection. If the stock closes at or above $35 at expiration this trade will return 5.79% or 10.97% (for comparison purposes only). <br /> <br /> JJC closed Dec 1, 2017's trading session at $35.07. In the past year, the stock has hit a 52-week low of $27.93 and 52-week high of $37.30. DJ-UBS Copper TR Sub-Idx ETN Ipath stock has been showing support around $34.63 and resistance in the $35.59 range. Recent technical indicators for the stock are bearish.

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