• Return to Headlines

Freeport-Mcmoran (FCX) Approaches New Upside Target of $18.28

By James Quinn

Shares of Freeport-Mcmoran (NYSE:FCX) opened today above their pivot of $17.88 and have already reached the first level of resistance at $18.07. Investors may be interested in a cross of the next upside pivot targets of $18.28 and $18.68.

In the past 52 weeks, Freeport-Mcmoran share prices have been bracketed by a low of $9.24 and a high of $20.25 and are now at $17.93, 94% 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%.

Freeport-Mcmoran (NYSE:FCX) has potential upside of 9.1% based on a current price of $17.93 and analysts' consensus price target of $19.55. Freeport-Mcmoran shares have support at the 50-day moving average (MA) of $10.33 and additional support at the 200-day MA of $9.24.

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: pivot alerts freeport-mcmoran

Ticker(s): FCX