Long Trade: Freeport-McMoRan Copper & Gold (FCX) Stock
Posted on September 28th, 2007 in Stock Market |
FCX - [[FCX]] A long time favorite that has great fundamentals and price action. On 9/19 it gapped up on big volume of 20MM shares. Yesterday it filled the gap which most up gaps do, then today it close higher and slightly higher volume. I would have liked to see more volume today but entered near the close of the day at $106.98. I have my stop placed under $102.20. This stock has made a big run up in the past few weeks. Keep your eye on gold and copper prices.



