Seeking Alpha

InTheMoneyStocks'  Instablog

InTheMoneyStocks
Send Message
InTheMoneyStocks.com is a proprietary research, consulting and investment alerts company focused on guiding investors, swing traders and day traders to financial success. Their PPT Methodology is a proprietary blend of price, pattern and time discoveries that has helped produce 216.37% net... More
My company:
InTheMoneyStocks.com
My blog:
Rant & Rave - Pro Traders Blog
  • Base Metal Stocks On The Rise 0 comments
    May 8, 2013 10:40 AM | about stocks: VALE

    This morning, the leading base and industrial metal stocks are all moving higher at the start of the trading session. This important industry group has now rallied since April 18, 2013. One of the leading stocks in the sector is Freeport-McMoRan Copper & Gold Inc (NYSE:FCX). This company is one of the leading copper producers in the world. Today, FCX stock is trading higher by 0.72 cents to $32.27 a share. Short term traders should watch for intra-day resistance around the $32.30, and $33.00 levels. The daily chart will also have good resistance around the $30.00 area.

    Some of the other leading base metal and industrial metal stocks that are trading higher today include
    Rio Tinto plc (ADR) (NYSE:RIO), BHP Billiton Limited (ADR) (NYSE:BHP), Vale SA (ADR) (NYSE:VALE), and Teck Resources Ltd (USA) (NYSE:TCK). All of these stocks will usually trade higher when there is bullish news on the Chinese economy. Last night, the Chinese reported stronger that expected import and export data. This news is certainly helping the base and industrial metal stocks today.

    Nicholas Santiago
    InTheMoneyStocks.com

    (click to enlarge)

    Stocks: VALE
Back To InTheMoneyStocks' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.