Shares of Freeport-McMoRan Inc (NYSE:FCX) are jumping again today on Trump-mania. Commodity prices are soaring on protectionism and it is being fully reflected in the price of Freeport-McMoRan. Having said that, do not get too happy for further upside. The stock is now entering overbought territory and will soon hit a level where it will pull back sharply. The short level is $17.00 and is clearly seen as significant because of the trend line stretching back to the previous major highs. This is where I will be looking to take a short.


Investors and stock traders look to short Freeport-McMoRan