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

http://stockcharts.com - Chart

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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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Freeport FCX Analysis March 23 2009 3/23/09

The following is technical analysis of Freeport McMoran ( FCX ) stock for 3/23/09.

FCX Support & Resistance Levels - March 23, 2009

Resistance Levels: $42.62, $47.99

Support Levels: $36.39, $30

http://stockcharts.com - Chart

FCX appears to have topped out at $42.62 and is headed back to the 10 day moving average just under $37. Ever since the gap over $30 in early March, FCX has held the 10 day moving average on a closing basis. A close back under the 10 day moving average would be bearish and you would probably see another test of the 50 day moving average. Nonetheless, this is one of the best charts i've seen lately, Copper prices have really been rising. A close over $42.62 will set up another run at the October 2008 high of $47.99. For More Technical Analysis - Go Here

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