StockCall Pre-Market Review on Freeport-McMoRan, Rio Tinto, Southern Copper, and Sterlite Industries

 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

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

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

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

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

About 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


Contact: Contact Person: William T. Knight, Email:, Contact
Number: +1(646)396-9857 (9:00 am EST – 01:30 pm EST)
Press spacebar to pause and continue. Press esc to stop.