Shares of Freeport-McMoRan Inc (NYSE:FCX) are jump
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Posted On: 01/24/2017 1:47:15 PM
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
Investors and stock traders look to short Freeport-McMoRan
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