Looking at the stock chart for Freeport-McMoRan Copper & Gold, ticker symbol FCX, I am seeing a bit of a rising wedge pattern. Let's take a look:
By connecting the recent tops and the recent lows, we can see that the range of price is squeezing together making a wedge type pattern. In addition, the wedge is rising upwards while volume is tapering off. This is a familiar pattern lately as stocks seem to keep setting up bearish chart patterns.
Disclosure: no positions