Wednesday, September 23, 2009

FCX 5yr weekly


A closer look shows it will not be a short till the trend is broken. Take note of the 200 week SMA at 65.45, a rising 5/20 week SMA, & and the turn of the 50 week SMA. ALL BULLISH.

One thought would be to get long above 73.30 with a corresponding cover and short oder below 73.


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