SCCO (Southern Copper) short. Just broke consolidation support, ready for another leg down
May 12, 2011 9:24 AM ETSCCO
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SCCO: after a one month long consolidation of the downtrend, it just broke down below support. I
t didn't move during the recent metals correction, but it seems ready for another leg down now. Also note that copper just broke down under the 200 days moving average.
t didn't move during the recent metals correction, but it seems ready for another leg down now. Also note that copper just broke down under the 200 days moving average.SCCO short: sell stop 34.61, stop loss 35.15
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