Freeport-McMoRan (FCX) Offering Possible 25.94% Return Over the Next 13 Calendar Days

Freeport-McMoRan's most recent trend suggests a bullish bias. One trading opportunity on Freeport-McMoRan is a Bull Put Spread using a strike $49.50 short put and a strike $44.50 long put offers a potential 25.94% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $49.50 by expiration. The full premium credit of $1.03 would be kept by the premium seller. The risk of $3.97 would be incurred if the stock dropped below the $44.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Freeport-McMoRan is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Freeport-McMoRan is bullish.

The RSI indicator is at 60.42 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Freeport-McMoRan

Freeport-McMoRan (FCX) Gains As Market Dips: What You Should Know
Wed, 30 Mar 2022 21:45:09 +0000
Freeport-McMoRan (FCX) closed at $50.78 in the latest trading session, marking a +1.38% move from the prior day.

Two Top Commodity Picks for the Rest of 2022
Wed, 30 Mar 2022 15:30:00 +0000
Here's a long and short play in mining and energy to make the best of volatile prices and high demand.

Freeport-McMoRan (FCX) Stock Sinks As Market Gains: What You Should Know
Tue, 29 Mar 2022 21:50:09 +0000
Freeport-McMoRan (FCX) closed the most recent trading day at $50.09, moving -0.36% from the previous trading session.

Worried About Nickel and Other Shortages? These 3 Dividend Stocks Should Do Well Anyway
Sun, 27 Mar 2022 11:00:00 +0000
Global lockdowns and supply and demand imbalances have reminded the world how dependent it is on the real economy and commodities. Prices of nickel, copper, iron, steel, and other base metals are up big over the last year, which is leading to rising input costs in just about every industry. Rio Tinto (NYSE: RIO), Freeport-McMoRan (NYSE: FCX), and NextEra Energy (NYSE: NEE) are three dividend stocks that should do well even amid global raw material shortages.

Arizona Women Entrepreneurs Grow Their Businesses With Support of Freeport-McMoRan's DreamBuilder Program
Fri, 25 Mar 2022 14:46:07 +0000
DreamBuilder is a free online entrepreneurship training program developed for women who want to start or grow their own small business.

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