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Next Support Level for Freeport-Mcmoran (FCX) is $16.83

By Shiri Gupta

Freeport-Mcmoran (NYSE:FCX) has opened bearishly below the pivot of $17.43 today and has reached the first level of support at $17.06. Investors may be interested in a cross of the next downside pivot targets of $16.83 and $16.23.

In the past 52 weeks, shares of Freeport-Mcmoran have traded between the current low of $0.00 and a high of $20.25 and are now at $0.00. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.2%.

Potential upside of 0.0% exists for Freeport-Mcmoran, based on a current level of $0.00 and analysts' average consensus price target of $18.76. The stock should run into initial resistance at its 50-day moving average (MA) of $16.85 and subsequent resistance at its 200-day MA of $16.88.

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