FCX From here to $11.25 Looks like FCX price linger point may be around $11.20 - $11.50. This is neither a recommendation nor advice for any trade. It is my own trade journal to improve chart reading skills and validate price predictions. Typically my target price is supposed to hit before hitting nearest swing low/high (depending on if price prediction is long or short)Longby stk2fx113
Freeport Mcmoran IncStart of a long term long for this stock. Bottoming and forming a nice five wave impulsive pattern. First target met at 8.71, extension to 9.67 next. If it holds there, looking for 7.33-5.88 for a corrective pullback to add to position and get a nice wave 3.Longby checke0
Buy $FCX - Freeport- MCMORAN IncCopper and gold miner Freeport-McMoRan Inc. (NYSE: FCX) announced Monday morning that it had agreed to sell a 13% ownership stake in its Morenci mine for $1 billion to its joint-venture partner in the Arizona mine, Japan-based Sumitomo. The transaction is expected to close in mid-2016. subject to regulatory approval and other customary closing conditions. Freeport expects to use the proceeds to repay borrowings under its bank term loan and its revolving credit facility. The company also expects to record a gain of $550 million on the transaction and to use losses to offset cash taxes on the sale. Read more: Freeport-McMoRan Raises $1 Billion on Asset Sale (NYSE: FCX) - 24/7 Wall St. 247wallst.com Follow us: @247wallst on Twitter | 247wallst on FacebookLongby mshamjad3
LONG FCXIndonesia goverment has give export permision to PT Freeport INdonesia, a FCX13.09% Subsidiary i'm sure in short term FCX13.09% will go to $10 More stock analysis bei5000.com/tag/enLongby rhliembono0
LONG FCXIndonesia goverment has give export permision to PT Freeport INdonesia, a FCX Subsidiary i'm sure in short term FCX will go to $10 more stock analysis bei5000.com/tag/enLongby rhliembono1
FCX - Worth a look.It may not be the flavor of the month or year, but why not put some cash to work in this co.? It's worth a look. Dollar average down to $3.50, & stay Long. Longby OlegMDev1
Bottom is very close but still it can get uglierIf you have the balls to play a long-term investment strategy it could be very close now then ever. Each bottom base has a unique characteristics and sometimes is very confusing and hard to define the zone of tolerance, for this security, it looks the bottom is not far if not printed already. Like at and around $7.8 area with stop loss at and around $5by Xafada0
FCX on a very decisive levelFCX closed right on support of the lower trend line as shown. Price moving above from here would mean FCX has started a leg up after being beaten down. If comes down it would mean it sees prices 8.88 or 7.50. Can go long at this point for a good R/R. MACD is falling which is not bullish and MA's are again falling which is again not bullish. Right at lower bollinger band which have provided support previously on many occasions. Monday's close would be telling.Longby showstopper2
Put premium selling opportunity in FCXI am by no means an expert programmer or technician, but what I have been noticing with FCX is a relatively consistent pattern where option premium sellers have a great opportunity for enhanced success. Rules: - On a 4 hour chart with Keltner channels, Bollinger Bands in the upper indicator and CM_WVF_v3_Ult in the lower indicator 1) When CM_WVF is in GREEN, and 2) Price is outside the KC 3) When price reenters the KC initiate the following transaction: Sell Put or Put spread with the closest strike at the lower Bollinger Band. Days to expiry = 30 days Within the past 6+ months, that signal has occurred 5 times with all expiring OTM, and once was there a touch. The setup in FCX is near again - Green CM_WVF and price is outside the KC. Stay tuned... by BobBilkovski4
FCX gaps down below $20FCX has just gapped down below $20 producing a potential bear flag on the weekly chart. This is a good near-term trading opportunity but this is very short-term only - as earnings are due out on 22nd January. However, if the downtrend stays in play, earnings could add to the bearish momentum. It took over 18 months for price to break below the June 2013 pivot low but, since then, the bear trend has developed well. Price didn't really retest the $26 level. But the recent December/January pullback acted as an appropriate countermove - without being so prolonged that we could not take yesterdays gap as a shorting signal. Volume was also high on the gap down. It would've been preferable if the bar had been a bit more bearish but, with the gap and $20 offering resistance, a near-term short looks good. Shortby iAnneTrader2
FCX Retest Gap Day Trade (Brad Reed Jan14,2015)FCX expected to open at 19.38 for a Retest Gap. To learn to trade this strategy for free, go to www.RealLifeTrading.comShortby Reallifetrading1
Freeport Technical Analysis: Flashing Short!Technical Analysis: The long term chart for the stock is pretty negative, the price has broken below a major monthly support, completing multiple bearish patterns, a head and shoulders top followed by the minor double top formation, The medium term outlook(months) for the share is dimmed, Shorting on any pullback towards the broken support area is favored, where am looking for an initial target at the main rising trend line shown on chart. Note that this is a logarithmic scale Happy Trading :) Join me at twitter.com Facebook page www.thefxchannel.com Google Plus : plus.google.com My best regards, TechnicianShortby Technician13
FCX reversal breakoutBreak of $28.50 on larrge volume suggest significant buying pressure at this level. 29/28 OTM Put credit spread or covered call potentialLongby mikeffi1
FCX downtrendingFCX is currently in a downtrend. Expecting prices to correct to $34 (completion of AB=CD pattern) minimum or further down to $33 which is the longer term bottom trend support and completion of the harmonic pattern. Fundamentally undervalued compared to rivals. Get ready to switch over to a long position. Shortby bhowe1
FCX - Time to start building ~$33As a fundamental story, this stock is worth $50, but a big CAPEX program and recent M&A has hurt the profitability. No funny share buy-backs being used to buoyancy the stock (good). Combine that with China weakness and you've got a beat-up stock (great). We are pushing down to a key $33 level, established now for about a year. With some long term technical support trends lines to give you some down side barriers. Long term bullish, so start to build a positions around the $33 or $-cost-avg into this guy here. Thanks for stoking my interest Joe, www.tradingview.comLongby kocurekc442