Back to top

Tale of the Tape

Zacks Equity Research

Freeport-McMoRan Copper & Gold Inc. (FCX) Enters Overbought Territory
August 12, 2013


Save at Trade

Freeport-McMoRan Copper & Gold Inc. (FCX - Analyst Report) 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.