Freeport-McMoRan Offering Possible 12.61% Return Over the Next 16 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 $37.00 short put and a strike $32.00 long put offers a potential 12.61% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $37.00 by expiration. The full premium credit of $0.56 would be kept by the premium seller. The risk of $4.44 would be incurred if the stock dropped below the $32.00 long put 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 below 20 which suggests that the stock is in oversold territory.

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LATEST NEWS for Freeport-McMoRan

Fast Money Final Trade
Thu, 02 Jan 2014 22:58:00 GMT
CNBC – The Fast Money traders share their final trades of the day.

Your first trade for Friday
Thu, 02 Jan 2014 19:52:47 GMT
CNBC – The “Fast Money” traders share their final trades of the day.

How Freeport-McMoRan Jumped 19% in 2013
Wed, 01 Jan 2014 19:00:12 GMT
Motley Fool – In a terrible year for mining stocks, Freeport-McMoRan Copper & Gold managed to buck the trend and head hire. Can the company continue its winning ways in 2014?

Freeport-McMoRan CEO Pay Change a Positive Step
Tue, 31 Dec 2013 20:55:05 GMT
Motley Fool – Given Freeport-McMoRan's record on CEO pay, any changes would be expected to be window dressing; on the contrary, these might actually work.

Copper Stocks: The Future Looks Shiny
Tue, 31 Dec 2013 15:22:08 GMT
Motley Fool – As global economies recover, copper stocks should benefit.

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