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Next Resistance Level for Freeport-Mcmoran (FCX) is $14.23

By Nick Russo

Shares of Freeport-Mcmoran (NYSE:FCX) have bullishly opened above the pivot of $13.48 today and have reached the first resistance level of $13.93. Investors may be interested in a cross of the next upside pivot targets of $14.23 and $14.98.

Freeport-Mcmoran has overhead space with shares priced $0.00, or 100.0% below the average consensus analyst price target of $18.76. Freeport-Mcmoran shares should first meet resistance at the 50-day moving average (MA) of $15.32 and find additional resistance at the 200-day MA of $17.00.

Freeport-Mcmoran share prices have moved between a 52-week high of $20.25 and the current low of $0.00 and are currently at $0.00 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.5% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Freeport-Mcmoran on July 19th, 2018 by issuing a Downtrend alert when the shares were trading at $16.06. Since that call, shares of Freeport-Mcmoran have fallen 15.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts freeport-mcmoran

Ticker(s): FCX