Freeport-McMoRan Copper and Gold, Inc.(FCX) is in an uptrend but could lose its momentum

(31-Mar-2008) (31-Mar-2008) Freeport-McMoRan Copper and Gold, Inc.(FCX) closed at 96.6, down -1.11 or -1.14 % today. Based on our analysis, Freeport-McMoRan Copper and Gold, Inc.(FCX) is in an uptrend but could lose its momentum.

The closing price of Freeport-McMoRan Copper and Gold, Inc.(FCX) is above its 50 day moving average of 93.76 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Freeport-McMoRan Copper and Gold, Inc.(FCX) is losing momentum. Sustained loss of momentum could put the uptrend at risk. The MACD histogram crossed below the signal line on 10-Mar-2008, about 15 trading days ago.