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Bullish Moving Average Cross by Freeport-McMoRan (FCX)

By Shiri Gupta

Today, shares of Freeport-McMoRan (NYSE:FCX) have crossed bullishly above their 10-day moving average of $11.18 on a volume of 17.8 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Freeport-McMoRan share prices have been bracketed by a low of $3.52 and a high of $23.97 and are now at $11.44, 225% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.9% while the 200-day MA has slid 0.8%.

SmarTrend is monitoring the recent change of momentum in Freeport-McMoRan. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Freeport-McMoRan in search of a potential trend change.

Keywords: moving crosses freeport-mcmoran

Ticker(s): FCX