How to Mine Freeport-McMoRan's Short-Term Strength

Freeport-McMoRan Inc. (FCX) made a lopsided double-top pattern in November and January and then corrected to the downside from February to June. Prices have made a small rounded or saucer-like bottom pattern since early May and we should see some further near-term gains. However, new highs don't seem the cards right now if I am reading the charts correctly.

Traders should continue reading to the bottom but investors may want to take a pass until a bigger base develops....214 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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