FCX, daily
Summary
A natural pullback to 40, if not 38 seems very likely in the immediate term.
FCX remains a great company, and considering QE3 is now underway, a move back to the June low of $31 now seems completely out of range.
Monday, 17 September 2012
FCX - a little weakness
Freeport McMoran (FCX) slipped almost 3% today, back into the $41s. The broad uptrend remains strongly higher though.
FCX, daily
Summary
A natural pullback to 40, if not 38 seems very likely in the immediate term.
FCX remains a great company, and considering QE3 is now underway, a move back to the June low of $31 now seems completely out of range.
FCX, daily
Summary
A natural pullback to 40, if not 38 seems very likely in the immediate term.
FCX remains a great company, and considering QE3 is now underway, a move back to the June low of $31 now seems completely out of range.
