Bought 15% FCX @ $39.42 Stop @ $37.69 Target @ $46.00 Freeport-McMoRan is one of the world’s largest publicly traded companies focused primarily on producing copper. Copper prices have been rallying through the roof, and FCX should continue to benefit from this. The chart gave us a classic KISS-50 setup, and is now breaking out above recent highs. This gives us a strong reward-to-risk trade from here.