Waiting on a Freeport Pullback

It's been another great weekend of looking at charts, and some things have stuck out more than others. For instance, Freeport McMoRan (FCX) struggled last week with its intraday breakout, as you can see in the chart below. Ultimately, the stock closed below the Oct. 30 top of $38.

The chart also shows some recent long-term overbought signals in the stock. After these materialized, the stock pulled back 2% in August, by 2.6% in September and by around 11% in October and November....139 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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