Stepping away from the technology themed recent picks, FCX has just triggered a Wave 5 Buy Signal and today is picking up momentum with yet another small breakout. FCX 240 Minute Obviously, I like the patterned breakout, but what is also attractive here is the mining sector, a sector where we have no other exposure. Looking for FCX to make its way into and above the $50's and into the low $60's by September expiration. FCX Sep Calls Prices just after the Open, Wednesday, July 2nd. I'm going with the $45 strike here, but all these strikes shown are equally as attractive, as FCX is up 50% since late April and another 50% from current prices would be mid-$60's.
