Freeport McMoran (FCX) is jumping to new highs today on the back of renewed interest in Copper and Gold.
This is an excellent entry for breakout buyers. The MACD is just turning up again above zerom the volume on today's breakout is above average and the SCTR is at 97.8 so there is lots of strength here. You might have to give it room with your stop at $15.25 to allow it to consolidate.
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Good trading,
Greg Schnell, CMT, MFTA.
