FCX Down to $49.72

March 1, 2011 in Daily Outlook

image thumb FCX Down to $49.72

FCX – Drawing Set – Current Channel has FCX heading down to find support on strong upward trend line at $49.72 by March Expiration.

image thumb1 FCX Down to $49.72

FCX – 200 EMA – Headed down towards 200 EMA.  Should find support there.

image thumb2 FCX Down to $49.72

FCX – 20 MA – 50 MA – Below 20 and 50 MA currently set to bounce off 20 MA headed down toward 200 EMA.

image thumb3 FCX Down to $49.72

FCX – Trend Indicator shows clear downward pressure.  Careful for downside if Parabolic SAR flips to positive.

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