Chart.ly Chart of the Day: Freeport Mcmoran FCX

  • Posted by
  • on February 8th, 2010
ldrogen

Today on the Chart.ly Chart of the Day we take a look at Freeport Mcmoran $FCX with @HCPG.  Freeport is very representative of the broader market going into the new week having found support at the 200 day moving average but setting up for a large battle against declining 50 and 20 day moving averages on any bounce.  Long positions should be closely monitored and profits should be taken quickly.  Any move below the 200 day and this patient could flat line.

ldrogen

Leigh Drogen is the founder and chief investment officer of Surfview Capital, LLC, a New York based asset management firm. Leigh specializes in momentum and long/short strategies across several different asset classes. Using technical analysis supported by macro economic and fundamental factors, Leigh takes advantage of high probability movements on the swing trading time frame. Prior to founding Surfview Capital, Leigh served as an analyst and trader for Geller Capital Management, a White Plains, NY based asset management firm. His educational background includes focus in economics and international relations, specifically war theory. Along with publishing his own blog, Leigh heads up the development of the Chart.ly platform at StockTwits. Outside of the markets, Leigh continues to play competitive ice hockey and is a dedicated New York Rangers fan. You can follow him on his blog LeighDrogen.com.


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

You might be interested in:
blog comments powered by Disqus

In partnership with CNN Money Part of the CNN Network