Phelps Dodge Is Quite Volatile

Phelps Dodge (PD), a large copper mining company, recently set an all-time high closing at $101.52 on November 6, 2006. Currently PD is off of the high but the stock is still very near the top of its upside price channel.

The wide price fluctuations tell us to buy PD on price dips. Avoid PD for now.

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Posted November 17, 2006.