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DJ-UBS Cotton TR Sub-Idx ETN Ipath (BAL) Showing Bearish Technicals With Support At $47.28

Nov 30, 2017 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on DJ-UBS Cotton TR Sub-Idx ETN Ipath (<a href="">BAL</a>). Look at the Mar 16, 2018 $48 covered call for a net debit in the $46.85 area.<br /> <br /> This trade has a duration of 106 days. The break-even point of this trade is the same as the net debit, which gives this trade 3.40% downside protection. If the stock closes at or above $48 at expiration this trade will return 2.43% or 8.37% (for comparison purposes only). <br /> <br /> BAL closed Nov 29, 2017's trading session at $48.50. In the past year, the stock has hit a 52-week low of $43.61 and 52-week high of $56.45. DJ-UBS Cotton TR Sub-Idx ETN Ipath stock has been showing support around $47.28 and resistance in the $49.20 range. Recent technical indicators for the stock are bearish.

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