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

(28-Apr-2008) (28-Apr-2008) Freeport-McMoRan Copper & Gold Inc.(FCX) closed at 115.8, down -1.18 or -1.01 % today. Based on our analysis, Freeport-McMoRan Copper & Gold Inc.(FCX) has rising momentum with an uptrend.

The closing price of Freeport-McMoRan Copper & Gold Inc.(FCX) is above its 50 day moving average of 102.94 (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 & 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 1-Apr-2008, about 21 trading days ago.