$FCX Freeport-McMoRan Inc Stock Robo Analyst July 26 2020 #FCX
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 11.50 and 10.83. If the stock breaks down through support at 11.50 then it will probably continue lower to 10.83. The stock will meet resistance at 13.87 and 15.60. If the stock breaks up through resistance at 13.87 then it will probably continue higher to 15.60. The 200-day moving average is at 10.46. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (87.91), and turning down, which suggests a pause or possible pullback, especially if near resistance. Confirm this with the Short-Term and Daily Outlook to keep from exiting prematurely.”
