Shares of Freeport-McMoRan Inc (NYSE:FCX) are falling sharply as the whole metal sector collapses from an overbought condition. Freeport-McMoRan has hit near term support at $13.50 and will likely have a one or two day bounce. For quick swing trades, this is a great trading opportunity. However, please note the down-move will continued after the quick bounce, with an ultimate target of $12.00. At $12.00, Freeport-McMoRan becomes a strong buy and can be accumulated for a longer-term bounce.





Stock chart of Freeport-McMoRan Inc hits technical support