FPMB trade ideas
FCX heavy green side by side Like the idea here.. couple big green days, some take advantage and sell off.. buyers step in and pick up slack.. end up with 2 big green candles? We'll see
Should be good here. until next panic hits
LONG FCXExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
$FMC Freeport McMoran top of our list for trade talk action. Keep on the top of your watch list for tomorrow and Fridays trade talks, the stock chart is horrendous, thus if things go well it has massive upside potential, we see 50% gains or losses on the cards, dependent on how the trade discussions play out.
Company profile
Freeport-McMoRan, Inc. engages in the mining of copper, gold, and molybdenum. It operates through the following segments: North America Copper Mines; South America Mining; Indonesia Mining; Molybdenum Mines; Rod and Refining; Atlantic Copper Smelting and Refining; and Corporate, Other, and Eliminations. The North America Copper Mines segment operates open-pit copper mines in Morenci, Bagdad, Safford, Sierrita and Miami in Arizona; and Chino and Tyrone in New Mexico. The South America Mining segment includes Cerro Verde in Peru and El Abra in Chile. The Indonesia Mining segment handles the operations of Grasberg minerals district that produces copper concentrate that contains significant quantities of gold and silver. The Molybdenum Mines segment includes the Henderson underground mine and Climax open-pit mine, both in Colorado. The Rod and Refining segment consists of copper conversion facilities located in North America, and includes a refinery, rod mills, and a specialty copper products facility. The Atlantic Copper Smelting and Refining segment smelts and refines copper concentrate and markets refined copper and precious metals in slimes. The Corporate, Other, and Eliminations segment consists of other mining and eliminations, oil and gas operations, and other corporate and elimination items. The company was founded by James R. Moffett on November 10, 1987 and is headquartered in Phoenix, AZ.
FCX and the looming recession?pure play copper not exactly best idea for global recession positioning.. but, who knows how this thing is going to go down. Copper is so important, it cant be left behind for long? Maybe it can? But accumulation at least shows some promise.. Should be fun next few months! Please let me know your thoughts.. FCX performance lately is scary. Big money know some details the little guys arent privy to just yet?
LONG FCXExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
Options traders betting on a bounce in Freeport McMoranFundamentally there is no stimulant for FCX to stage any recovery as the world economy continues to struggle and demand reduces. Optimism over a trade deal is low and Europe continues to retrace.
Technically the stock has hit support so maybe options traders see a dead cat bounce possible.
Average analysts price target $13.01
Average analysts recommendation Overweight
Short interest 2.78%
P/E ratio 20.74
Company profile
Freeport-McMoRan, Inc. engages in the mining of copper, gold, and molybdenum. It operates through the following segments: North America Copper Mines; South America Mining; Indonesia Mining; Molybdenum Mines; Rod and Refining; Atlantic Copper Smelting and Refining; and Corporate, Other, and Eliminations. The North America Copper Mines segment operates open-pit copper mines in Morenci, Bagdad, Safford, Sierrita and Miami in Arizona; and Chino and Tyrone in New Mexico. The South America Mining segment includes Cerro Verde in Peru and El Abra in Chile. The Indonesia Mining segment handles the operations of Grasberg minerals district that produces copper concentrate that contains significant quantities of gold and silver. The Molybdenum Mines segment includes the Henderson underground mine and Climax open-pit mine, both in Colorado. The Rod and Refining segment consists of copper conversion facilities located in North America, and includes a refinery, rod mills, and a specialty copper products facility. The Atlantic Copper Smelting and Refining segment smelts and refines copper concentrate and markets refined copper and precious metals in slimes. The Corporate, Other, and Eliminations segment consists of other mining and eliminations, oil and gas operations, and other corporate and elimination items. The company was founded by James R. Moffett on November 10, 1987 and is headquartered in Phoenix, AZ.
FCX sin fuerzas para definir por ahora. FCX contra resistencia de la cuña bajista de corto plazo que se mueve dentro de un movimiento bajista de más largo plazo.
Mientras mantenga la zona de 10.20/10.10 aún quedarán chances de romper al alza para ir a buscar los 12/12.15. Si no puede mantenerse por encima de este soporte inmediato, es muy probable que vaya a la zona de soportes de mayor importancia en los 9.60/9.50.
La salida alcista se daría sobre los 10.80 y la confirmación arriba de 11.
Los indicadores muestran dudas. El RSI aceleró más que el precio en las últimas ruedas pero con freno en la zona de ingreso a sobrecompra. MACD se mantiene al alza pero recprtando el histograma.
Estando comprado, vendería contra resistencia y espero resolución. Estando afuera, compro con la confirmación encima de 11 o llegando a la zona de soporte más importante en los 9.60/9.50.
FCX long setupFCX’s innovation outlook is trending up based on a current score of 64 out of 99, outperforming sector average. Jobs growth over the past year has decreased and insiders sentiment is positive. FCX is an Average Performer in terms of sustainability. It is most exposed to BP p.l.c. as its supplier. Over the past 4 quarters FCX beat earnings estimates 2 times and it pays dividend lower than its peers. For more analysis and articles visit our website .
FCX : Daily 34 SMA presses 500 Hull & Up Up & AwayFCX : Daily 34 SMA presses 500 Hull & Up Up & Away
LONG FCXExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
FCX buy setupFCX price near to strong support line. possibly buy. wait for abc confirmation. I also watching this one .
LONG FCXExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
FCX Long Hey Its Rifat Again,
Expecting a 7 weeks breakout.. I will take 5% risk for +22% gain.
Entry- $11.63
Target- $14.20 - $15
Stop loss- daily close below $11.23
thank u very much for being with us.
FCX copper about to make a bull run?I received a tip from a Hedge Fund Manager that this stock will go up to $50.
I did research on Fidility, Schwab, TDAmeritrade, and Ally on this stock. They all say: most said HOLD, some BUY, and few said SELL.
I'm moving my money from my cannabis stocks to this one.
It's earnings is coming out 24th of this month, on Wednesday.
APHA earnings is coming out 8/1, one of my cannabis stocks. I don't think they are going to outperform copper and gold in next 6 months. I think that Federal Gov will continue to make regulations difficult for this industry.
My plan is to scale into FCX. buy some on monday before earnings on wednesday. then depending how it reacts, buy more afterwards. Last earnings was negative, but stock still went higher.
It seems like this stock is in an ACCUMULATION stage based on volume analysis.
Back in 2008 to 2010, it climbed from $10 to $60.
From 2003 to 2009, it had a major bull run with the s&p. Both also tanked during financial crisis. They do not move in tandem. Beta is above 2 (meaning it is twice as volitile compared to S&P. Below shows a chart for this action.
Freeport-McMoran should fall on revised guidanceFreeport McMoran revised its guidance today. The news wasn't all bad, with better productivity than expected, but a lot of it was pretty bleak. The company expects lower copper revenues and higher costs to the tune of hundreds of millions of dollars. The stock broke its upward trendline today, then corrected above the line. It should fall again tomorrow and enter a mid-term downtrend.
I don't play short, but hopefully the short sellers among you will find this useful. Please do your own due diligence; this is just an idea as to how the market will move.
