StockCall Pre-Market Review on Freeport-McMoRan, Rio Tinto, Southern Copper, and Sterlite Industries PR Newswire LONDON, April 15, 2013 LONDON, April 15, 2013 /PRNewswire/ -- Markets concluded their bullish week on a negative note and all the major indices showed minor pullback. Commodities also followed the trend and declined as Copper closed 1.4 percent lower. The markets reacted negatively to lower-than-expected retail sales numbers. Our research team studied basic materials sector, follow major companies in the copper mining industry like Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX), Rio Tinto Plc (NYSE: RIO), Southern Copper Corp. (NYSE: SCCO) and Sterlite Industries (India) Limited (NYSE: SLT). StockCall analysts initiated preliminary technical research on FCX, RIO, SCCO, and SLT. These free reports are accessible by signing today at http://www.stockcall.com/register Freeport-McMoRan Copper & Gold Inc. closed its latest trading session at $31.92, down 2.65 percent from its previous close. The stock traded in the range of $31.82 and $32.92 in Friday's session on volume of 19.57 million shares. It is likely to face its first resistance level at $33.34, and upon breaching this level the stock may go up to $35.21. On the downside, Freeport-McMoRan may tumble to $31.38 level. The stock is highly volatile as it sports the beta of 1.92. So far in 2013, it declined 3.68 percent whereas in the past 52 weeks, it lost 13.59 percent of its value. The stock is in a bearish mode. The free technical analysis on FCX is available by signing up at http://www.StockCall.com/FCX041513.pdf Rio Tinto Plc closed Friday's trading session at $47.59, down 1.27 percent from its previous close. The stock shows a bearish trend and may find support at $47.47. Upon breaching this level, it may go down to $45.03 level. The company traded 2.62 million shares during Friday's session, and the stock oscillated in the range of $47.10 and $47.76. Its 52 weeks price range stands at $41.59 and $60.45. The stock has declined 13.28 percent in the same time period. The company's stock trades at beta of 1.66, implying high volatility. The company commands market capitalization of $87.94 million. Register now to download the free research on RIO at http://www.StockCall.com/RIO041513.pdf Southern Copper Corp. made a downward movement with a 2.90 percent decline in its latest trading session. The company's stock ended at $34.80 and its highest price point for the session stood at $35.65, while its 52 weeks high stands at $42.03. In the past 12 months, the stock has gained 11.93 percent while its YTD decline stands at 6.63 percent. Southern Copper trades at beta of 1.57, which implies high volatility. It traded 1.80 million shares during Friday's session, in comparison to its regular daily volume of 1.90 million shares. Free report on SCCO can be accessed by registering at http://www.StockCall.com/SCCO041513.pdf Sterlite Industries (India) Limited extended its 52 weeks loss to 22.21 percent by closing its previous trading session 0.92 percent lower. The stock closed at $6.48, with trading volume of 396,402 shares. It is down 24.39 percent on a YTD basis. The stock is currently in a neutral mode, and it is expected to go up to $6.58 in the coming trading sessions. Its next resistance level is at $6.76. On the downside, it is expected to face its first support level at $6.25. Sterlite Industries traded in the range of $6.36 and $9.06 in the past 52 weeks. Register with StockCall and download the research on SLT for free at http://www.StockCall.com/SLT041513.pdf About StockCall.com StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at http://www.stockcall.com SOURCE StockCall.com Contact: Contact Person: William T. Knight, Email: email@example.com, Contact Number: +1(646)396-9857 (9:00 am EST – 01:30 pm EST)
StockCall Pre-Market Review on Freeport-McMoRan, Rio Tinto, Southern Copper, and Sterlite Industries
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