Freeport-McMoRan (FCX) Offering Possible 8.23% Return Over the Next 12 Calendar Days

Freeport-McMoRan's most recent trend suggests a bearish bias. One trading opportunity on Freeport-McMoRan is a Bear Call Spread using a strike $35.00 short call and a strike $40.00 long call offers a potential 8.23% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $35.00 by expiration. The full premium credit of $0.38 would be kept by the premium seller. The risk of $4.62 would be incurred if the stock rose above the $40.00 long call strike price.

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

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

The RSI indicator is at 28.65 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

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Mon, 08 Sep 2014 14:02:00 GMT

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Sat, 06 Sep 2014 10:00:00 GMT

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Fri, 05 Sep 2014 20:01:28 GMT

Why Freeport-McMoRan (FCX) Stock Is Declining In Pre-Market Trading Today
Tue, 02 Sep 2014 13:28:00 GMT

[$$] Freeport-McMoRan's Sale of Chile Mine Hits Tax Snag
Fri, 29 Aug 2014 20:19:54 GMT

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