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Global Brass and Copper Holdin (BRSS) Trading Near $33.35 Support Level

Nov 30, 2017 (Marketintelligencecenter.com via COMTEX) --

A covered call identified by MarketIntelligececenter.com's patented algorithm on Global Brass and Copper Holdin (<a href="http://www.marketintelligencecenter.com/symbol/BRSS">BRSS</a>) could yield about 5.44% (8.57% annualized, for comparison purposes only) in 232 days. Pair a long position in the stock with the Jul 20, 2018 $30 call for a net debit of about $28.45. This position also has 17.41% downside protection. Global Brass and Copper Holdin closed at $34.45 Nov 29, 2017. Technical indicators for BRSS are bearish and support and resistance have been about $33.35 and $35.35, respectively.A

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