Freeport-McMoRan (FCX) Offering Possible 6.16% Return Over the Next 9 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 $38.00 short put and a strike $33.00 long put offers a potential 6.16% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $38.00 by expiration. The full premium credit of $0.29 would be kept by the premium seller. The risk of $4.71 would be incurred if the stock dropped below the $33.00 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 above 80 which suggests that the stock is in overbought territory.

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 Understands Better Than Newmont Mining How the Game Is Played
Thu, 10 Jul 2014 13:42:04 GMT

How Will Freeport-McMoRan (FCX) Stock Be Affected By This Coverage Initiation?
Thu, 10 Jul 2014 12:35:00 GMT

This sector is flashing a secret buy sign
Wed, 09 Jul 2014 04:42:58 GMT
Talking Numbers – http://l.yimg.com/hv/api/res/1.2/J2GCJIv_AZtPtF_Wy9wtTQ–/YXBwaWQ9eWZpbmFuY2U7aD0zMTt3PTQy/http://l.yimg.com/os/en-US/video/video.pd2upload.com/video.tncnbc.com@46c3f189-1d69-350a-bb6c-1a695e02c638_FULL.jpg

Here's How Freeport-McMoRan Will Deleverage
Tue, 08 Jul 2014 19:22:12 GMT

Freeport-McMoRan Outsmarts Newmont Mining
Tue, 08 Jul 2014 15:30:26 GMT

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