Southern Copper Under Pressure - Voice of the People
07 April 2011 - 6:00PM
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Featured Post
Southern Copper Under Pressure
Southern Copper Corp. (SCCO) is declining lower
this morning by 0.41 cents to $39.83 a share. This leading copper
producer is trading lower on the session while copper the commodity
is trading higher. Freeport McMoRan Copper & Gold
Inc. (FCX) is also trading higher on the session by 0.70
cents to $56.95 a share. Therefore, the weakness looks to be
specifically in Southern Copper stock. Short term traders should
watch the $39.44 area as the next intra-day support area. This is a
level where the stock could see a small intra-day bounce.
Nicholas Santiago
InTheMoneyStocks.com
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