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Freeport-McMoRan (FCX) Breaks Through Support at $10.85

By Nick Russo

Freeport-McMoRan (NYSE:FCX) has opened bearishly below the pivot of $11.10 today and has reached the first level of support at $10.85. Should the shares continue to fall, the support pivots of $10.61 and $10.12 will be of interest.

Freeport-McMoRan (NYSE:FCX) has potential upside of 0.0% based on a current price of $0.00 and analysts' consensus price target of $14.29. Freeport-McMoRan shares should first meet resistance at the 200-day moving average (MA) of $9.24 and find additional resistance at the 50-day MA of $10.33.

In the past 52 weeks, Freeport-McMoRan share prices have been bracketed by a current low of $0.00 and a high of $23.97 and are now at $0.00. 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 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: pivot alerts freeport-mcmoran

Ticker(s): FCX