Freeport-McMoRan (FCX) Offering Possible 6.84% Return Over the Next 22 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 $33.00 short put and a strike $28.00 long put offers a potential 6.84% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $33.00 by expiration. The full premium credit of $0.32 would be kept by the premium seller. The risk of $4.68 would be incurred if the stock dropped below the $28.00 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 at 57.42 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

Why Freeport-McMoRan's Stock Is A Long-Term Investment Opportunity Right Now
Sun, 27 Apr 2014 15:49:45 GMT

5 Reasons to Expect Brighter Skies for Freeport-McMoRan Copper & Gold
Sat, 26 Apr 2014 15:05:59 GMT

Freeport: Lower Copper And Gold Prices And Lower Copper Shipments Affect Q1 Results
Fri, 25 Apr 2014 17:45:00 GMT

Newmont Mining may cut production in Indonesia
Fri, 25 Apr 2014 14:58:43 GMT
Reuters – Newmont Mining Corp is running out of space to store copper concentrate in Indonesia, where a dispute with the government has halted exports, and may be forced to cut production, Chief Executive Officer Gary Goldberg said on Friday. On a call with analysts and investors, Goldberg said Newmont's concentrate barn was set to reach full capacity in the second half of May. But Goldberg also said he was cautiously optimistic that Newmont would get permission to export in the coming weeks and that the country's proposed export tax “will be clarified.” (Reporting by Allison Martell;

Freeport's Q1 Earnings Top, Profit Falls
Fri, 25 Apr 2014 14:30:12 GMT

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