SmarTrend Detects Continued Buying Pressure in Shares of Freeport-McMoRan (FCX)
Friday, March 12, 2010 - 08:05
Written on Fri, 03/12/2010 - 8:05am
By Chip Brian

SmarTrend identified an Uptrend for Freeport-McMoRan (NYSE:FCX) on February 16, 2010 at $75.46. In approximately 3 weeks, Freeport-McMoRan has returned 6.6% as of today's recent price of $80.45.
Freeport-McMoRan is currently above its 50-day moving average of $77.50 and above its 200-day moving average of $69.16. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Freeport-McMoRan shares.

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