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Freeport-McMoRan Bullish Moving Average Crossover Alert (FCX)

By Shiri Gupta

Today, shares of Freeport-McMoRan (NYSE:FCX) have crossed bullishly above their 10-day moving average of $10.95 on a volume of 12.6 million shares. Swing traders may find an opportunity 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 $11.34, 222% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has advanced 3.9%.

SmarTrend is tracking the current trend status for Freeport-McMoRan and will alert subscribers who have FCX in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses freeport-mcmoran

Ticker(s): FCX