From January 1st, on FCX:
"FCX finished 2011 breaking out of a Channel, successfully retesting the top of it on December 28 and 29 and moving a tad higher into the final gong for the year...
Key Resistance:
Level 1 - 41.20 - 41.45 (the August lows, prior to the second Crash in the stock)
Level 2 - 46.06 - 46.20 (the lows of the early 2011 BIG Falling Wedge)"
Solid rally in FCX, coming off this year-end successful retest of the Falling Wedge breakout that we looked at the first of the year. The stock got to Level 1 Resistance (41.20 - 41.45) today, trading as high as 41.91.
Very nice.
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