Freeport McMoran Copper and Gold Inc (FCX) $30.85 +5.21%

| February 26, 2009 | 1 Comment More

Freeport McMoran (FCX) made a run to $31.91 and broke above its Jan highs to its best levels since early November. Shares are up $1.61 to $30.93 and Mar 35 calls are seeing heavy trading in recent action. 27.4K now traded, compared to 24.9K of open interest.

Category: All Stocks, Basic Resources, Large Cap Stocks

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Comments (1)

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  1. ParadigmLost says:
    February 26, 2009 at 10:26 pm

    Most likely related to copper picking up.

    See chart on Stockcharts.com for $COPPER

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About the Author (Author Profile)

Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.

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