Freeport-McMoRan (FCX) Offering Possible 17.77% Return Over the Next 13 Calendar Days

This post was originally published on this site

Freeport-McMoRan’s most recent trend suggests a bullish bias. One trading opportunity on Freeport-McMoRan is a Bull Put Spread using a strike $35.50 short put and a strike $30.00 long put offers a potential 17.77% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $35.50 by expiration. The full premium credit of $0.83 would be kept by the premium seller. The risk of $4.67 would be incurred if the stock dropped below the $30.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Freeport-McMoRan is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Freeport-McMoRan is bullish.

The RSI indicator is at 42.6 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Freeport-McMoRan

What You Need To Know About Freeport-McMoRan Inc.’s (NYSE:FCX) Investor Composition
Tue, 31 Aug 2021 11:49:57 +0000
Every investor in Freeport-McMoRan Inc. ( NYSE:FCX ) should be aware of the most powerful shareholder groups. Large…

Top Growth Stocks for September 2021
Mon, 30 Aug 2021 17:26:14 +0000
Growth investing is one of two main fundamental investment strategies, the other being value investing. Investors employing a growth investing strategy will typically place the majority of their portfolio in growth stocks, which are shares of companies whose earnings or sales are expected to grow at a significantly faster rate than the rest of the market. The primary way investors expect to earn profits from growth investing is through capital gains.

Top Stocks for September 2021
Mon, 30 Aug 2021 10:19:58 +0000
The Russell 1000 Index is a market-capitalization-weighted index of the 1,000 largest publicly traded companies in the U.S. It represents approximately 92% of the total market capitalization of all listed stocks in the U.S. equity market. Value investing is a factor-based investing strategy that involves picking stocks that you believe are trading for less than what they are intrinsically worth, usually by measuring the ratio of the stock’s price to one or more fundamental business metrics. Value investors believe that if a business is cheap compared to its intrinsic value, in this case as measured by its P/E ratio, the stock price may rise faster than others as the price comes back in line with the worth of the company.

Commodity Prices Should Bounce Back. A Few Stocks to Play the Rebound.
Sat, 28 Aug 2021 00:52:00 +0000
While prices for industrial metals like copper and iron ore have been weaker, Chris LaFemina, a mining analyst at Jefferies, is upbeat on the sector. Among diversified miners, BHP (ticker: BHP), at $66, is down 20% from its peak; Rio Tinto (RIO) is off 19%, to $75; Anglo American (NGLOY) is off 13%, to $21; and Freeport-McMoRan (FCX), a global copper producer, is down 21% from its peak to $36. Copper prices, down about 10% from their spring peak, to $4.33 a pound, have held up better than iron ore, which is off 40% from its high, to $145 a ton.

Stanley Druckenmiller is Selling These 12 Stocks
Tue, 24 Aug 2021 20:32:44 +0000
In this article, we discuss the 12 stocks Stanley Druckenmiller is selling. If you want to skip our detailed analysis of these stocks, go directly to the Stanley Druckenmiller is Selling These 5 Stocks. Stanley Druckenmiller, the chief of New York-based Duquesne Capital, is a titan of the investing world with an impressive investing history […]

Be Sociable, Share!

Related Posts