$FCX Freeport-McMoRan Inc Stock Robo Analyst December 2 2019 #FCX

Freeport-McMoRan Inc (FCX) “On a long-term technical basis, the stock (FCX) is trading above its 200-day moving average, but has broken through an important support level, which implies it is in a neutral trend. If the new level of support at 11.06 holds, look for a bounce to the next resistance level at 11.56. If the stock breaks up through resistance at 11.56 a positive trend change is being attempted. Look for a possible long-term rally to previous highs.

The stock has support at 11.06 and 10.38. If the stock breaks down through support at 11.06 then it will probably continue lower to 10.38. The stock has resistance at 11.56. The 200-day moving average is at 11.06. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (77.96), so look for a possible pullback soon. Confirm this with the Short-Term and Daily Opinion to keep from exiting prematurely.”