Swing Trade Quick Pick: Freeport McMoran FCX (by Ryan Mallory)

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Freeport McMoran (FCX) bouncing off of the rising channel

Stock: Freeport McMoran (FCX)

Long or Short: Long

Entry: 35.50

Stop-Loss: 34.89

Chart: Freeport McMoran (FCX) Daily

Freeport McMoran FCX pullback to the rising channel swing-trade

Reason for Trade: Fairly simple trade setup. Rising channel with a retest at the lower end. I'm wanting to get in here while I can keep the stop-loss tight and ride it higher into a completed gap fill and a test of the upper channel. 

Be sure to check out more of Ryan's Swing-Trading Strategies at SharePlanner.com

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