Breakout in Non-Ferrous Metals

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 |  Includes: FCX, IPI, PCP, RTI, SCCO, TRQ, VEDL
by: Jeff Pierce

This sector broke out last Wednesday and offered a nice pullback opportunity on Friday morning at the open. Given that we closed at the day’s high, this looks like a sector that could run higher for weeks to come.

Here is my watchlist in this sector: Ivanhoe Mines (IVN), Freeport-McMoran Copper and Gold (NYSE:FCX), Southern Copper (PCU) Titanium Metals (TIE), Sterlite Industries (SLT), Intrepid Postash (NYSE:IPI), RTI International Metals (NYSE:RTI)

Non FerrousClick to enlarge