Freeport-McMoRan Offering Possible 5.49% Return Over the Next 22 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 $34.00 short call and a strike $39.00 long call offers a potential 5.49% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $34.00 by expiration. The full premium credit of $0.26 would be kept by the premium seller. The risk of $4.74 would be incurred if the stock rose above the $39.00 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 below 20 which suggests that the stock is in oversold 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

Don’t dump stocks just because January was a loss
Fri, 31 Jan 2014 18:09:30 GMT

Freeport Indonesian Risks Are Overblown, Remains An Underappreciated Company
Fri, 31 Jan 2014 12:29:00 GMT

Freeport-McMoRan: Indonesian Troubles Call For A Cautious Look
Thu, 30 Jan 2014 18:23:07 GMT

1 Number Impacts Freeport-McMoRan Copper & Gold Inc. Above All Others
Thu, 30 Jan 2014 16:37:58 GMT

Freeport Awaiting Indonesian Permit to Ship Copper Concentrates
Wed, 29 Jan 2014 12:20:28 GMT

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