Freeport McMoran Copper and Gold profit has hit $66.07 at closed yesterday. It hit a 52-week low of $15.70 and 52-week high of $94.75. The company’s stock has been showing support around 62.43 and resistance in the 67.91 range. Technical indicators for the company stock are Bullish and it continues to move high.
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Freeport-McMoRan Copper & Gold show on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Nov '09 65 covered calls (FCX KM) for a net debit in the $57.67 area. That is also the break even stock price for this trade.
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