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$105.21 -4.38 (-4.00%)
7/8/2008 4:01 PM

Freeport-McMoRan Copper & Gold, Inc. (FCX)

CAPS Rating:
*****

Through its subsidiaries, the Company engages in the exploration, mining, and production of copper, gold, and silver. It also smelts and refines copper concentrates, and markets the refined copper products.

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Recs

20

Avatar mpingel00 (97.32) Submitted: 5/10/08 3:46 PM : Outperform Start Price: $114.97 FCX Score: 1.33

Looking at a weekly chart of FCX, it looks like we have a cup and handle forming. A daily chart clearly shows the head and shoulders bottom, and an uptrend now. Buy FCX around its 50 day support, or with a 123.30 buy point.

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