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Freeport-McMoRan Inc (FCX) “On a long-term technical basis, the stock (FCX) is trading above its 200-day moving average which generally implies it is in a positive trend.
The stock has support at 14.94 and 13.87. If the stock breaks down through support at 14.94 then it will probably continue lower to 13.87. The stock will meet resistance at 17.50 and 19.69. If the stock breaks up through resistance at 17.50 then it will probably continue higher to 19.69. The 200-day moving average is at 11.49. This will also act as support. The stock is slightly oversold according to the Stochastic Indicator (34.24).”
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