Buy Triggered: Freeport-McMoRan Tags Dual Master Level For Investors

Freeport-McMoRan Inc (NYSE:FCX) has two major signals telling investors a bounce is coming. As a smart investor, you always want at least two reasons why you are buying a stock. Basically, the first is great but the second reinforces it. The first triggered when Freeport-McMoRan hit the daily 200 moving average on the stock chart. The second triggered with the reversal off of it, putting in a bottoming tail. Bottoming tails are strong technical reversal signals. The combination of these two make $FCX a strong buy at its current price of $9.75.

By Pro-Trader

Markus Teller