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Freeport-McMoRan Crosses Below its 10-day MA (FCX)

By Nick Russo

Today, shares of Freeport-McMoRan (NYSE:FCX) have fallen below their 10-day MA of $10.53 on a volume of 16.7 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower 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 $10.34, 194% 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