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Freeport-McMoRan Copper & Gold Inc. (FCX) Enters Overbought Territory - Tale of the Tape

Posted
8/12/2013 6:36:00 AM
By: Zacks.com
Referenced Stocks:FCX

Freeport-McMoRan Copper & Gold Inc. ( FCX ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because FCX is now in overbought territory with an RSI value of 71.44. Furthermore, estimates for the Freeport-McMoRan Copper & Gold have been coming down, pushing it to a Zacks Rank #4 (Sell). This suggests that investors may better off exiting this stock before it falls back to Earth.



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