March 23rd - FCX
Cramer had a double game plan with the first listing several stocks based on earnings reports next week, which I stay away from because the news will drive the price more then Cramer. His second game plan segment was for 2 IPOs, which once again aren't short plays. In his last segment he recommended Freeport-McMoRan Copper & Gold Inc. (FCX)
Closing Price: $62.30
After Hours High: $ 63.35
Percent Increase at High: 1.69%
After Hours Most Recent Price: $ 63.15
Percent Increase at Most Recent Price: 1.36%
Sector: Basic Materials
Days to Cover: 3.4
Short %: 13.77 %
% Held by Insiders: 1.23 %
% Held by Institutions: 94.50 %
50 Day Moving Average: $56.76
200 Day Moving Average: $55.73
41 million shares were sold today in a share offering and the stock went up, and even higher after hours. That shows some strength in the stock if you ask me. The top bollinger band is at $64.39, so there is some room to the upside if the momentum continues. In the end though, the stock is too expensive and the after hours increase is only 1.36%.
Comments on "March 23rd - FCX"
Great news on fcx.