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Sunday, March 28, 2010

Freeport-McMoRan Copper Gold Inc. FCX

The following is technical analysis of Freeport-McMoRan Copper & Gold Inc. (FCX) stock for March 29, 2010

Freeport-McMoRan Copper & Gold Inc. (FCX) Support & Resistance Levels - 3/29/10

Resistance Levels: $80, $83, $90.39

Support Levels: $76.49, $71.05


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Freeport-McMoRan Copper & Gold Inc. (FCX) stock has been in a downtrend during 2010. The stock made a 52 week at $90.39 in January but failed to get back to that high recently. As long as Freeport-McMoRan Copper & Gold stays above the 50 day moving average, I love the stock. A close below the 50 day would set up a retest of the 200 day - strong buy again!
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