Freeport-McMoran Volatile After Q4 Report

Freeport-McMoran Inc FCX shares are trading higher by $0.24 at $4.18 in Tuesday's session. Before the open, the company announced a Q4 EPS beat of $0.09 with slightly lower revenues.

The report instigated a sharply higher open, that came to an abrupt halt at $4.42. The ensuing decline found support just before the top of Monday's range ($4), stopping at $4.02.

If the rally continues beyond the current high, there may be additional resistance at Friday's high of $4.66.