• Return to Headlines

Freeport-Mcmoran (FCX) Crosses Pivot Point Resistance at $10.24

By Amy Schwartz

Freeport-Mcmoran (NYSE:FCX) has opened bullishly above the pivot of $10.03 today and has reached the first level of resistance at $10.24. Investors may be interested in a cross of the next upside pivot targets of $10.41 and $10.79.

Potential upside of 81.6% exists for Freeport-Mcmoran, based on a current level of $10.33 and analysts' average consensus price target of $18.76. Freeport-Mcmoran shares should first meet resistance at the 50-day moving average (MA) of $10.35 and find additional resistance at the 200-day MA of $11.36.

In the past 52 weeks, Freeport-Mcmoran share prices have been bracketed by a low of $8.58 and a high of $14.90 and are now at $10.33, 20% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 1.5%.

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