FCX broke trend and resistance Short

Freeport-McMoRan, Inc.NYSE

Description

⋅ Mar 24, 2016 4:49 AM

FCX had a 62% gain in the last 60 days or so. A retracement is overdue. It broke it's 10.25 resistance turned to support and it's trendline. Expecting 7.82 with possible intra-day swings to 7.50 round number given it's high volatility.