Freeport-McMoRan (FCX) Targeting $57.50

FCX is in a longer-term bull-move and now looks to try ending an almost four month-long consolidation phase.  Today FCX also pierced above its 50 day moving average on increasing volume.  While a 17% up-move in 7 trading days might call for some near-term consolidation, I am targeting $57.50 to the upside with a stop at $51.

Freeport-MacMoran (FCX)

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