Southern Copper: Hold the Core Position—Momentum Is Strong but Drawdown Risk Is Real
Southern Copper (SCCO) remains a high-quality way to play an ongoing copper upswing, backed by strong returns on capital and healthy free cash flow. But the stock is extended: RSI north of 80, a fresh 52-week high at $218.81, and elevated P/E and P/B multiples leave room for sharp mean reversion. My trade plan: hold core positions, consider adding …