"We've broken above the downtrend ... and then we've reasserted ourselves again," Worth said Friday on CNBC's " Options Action ." Freeport has rallied nearly 200 percent in the past 12 months. According to Worth, while the two charts look similar, Freeport has yet to reach the same recovery point as the raw commodities. However, "I think we're going to throw back which would get us more in line with where the commodities already are." Freeport-McMoran shares were up nearly 1.4 percent to $16.02 in midafternoon trading Monday.