Freeport-McMoRan Copper and Gold, Inc.(FCX) has rising momentum with an uptrend

(29-Feb-2008) (29-Feb-2008) Freeport-McMoRan Copper and Gold, Inc.(FCX) closed at 106.57, up 2.95 or 2.85 % for the day. Based on our analysis, Freeport-McMoRan Copper and Gold, Inc.(FCX) has rising momentum with an uptrend.

The closing price of Freeport-McMoRan Copper and Gold, Inc.(FCX) is above its 50 day moving average of 94.55 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that Freeport-McMoRan Copper and Gold, Inc.(FCX) is gaining momentum. An uptrend with with rising momentum is a good omen for the stock. The MACD histogram crossed above the signal line on 31-Jan-2008, about 21 trading days ago.