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Freeport-McMoran Copper & Gold, Inc. (FCX) - Buy, Sell or Hold?

Sector: Basic Industries   Sub-Sector: Precious Metals
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Thu, 15 Jun 2017NoneBearish EngulfingWed, 14 Jun 2017-4.88%
***Stock database and scans are updated around midnight (New York time) every trading day.
11.76 0.00 (0%) Jun 23 4:00pm EDT
Open: 11.53 Range: 11.35 - 11.81 Vol: 20.75M Avg Vol: 20.71M
EPS: 0.19 P/E ratio: 61.07 EBITDA: 4.24B Mkt Cap: 16.52B
Analyze "FCX" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 12.00
Medium Term: Trading is Range Bound
Last Trade is above the 20 day moving average at 11.72
Last Trade is below the 50 day moving average at 12.33
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 12.85
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of FCX

Stock Trend Analysis - Buy, Sell or Hold "Freeport-McMoran Copper & Gold, Inc." (FCX)?

Although FCX is currently trading below its 200 day moving average, it is prudent to note that in the last 52 weeks, FCX has been trading above the 200 day moving average for 81% of the time with an average daily volume of 20.7M shares changing hands. This could portend a sustained reversal in trend, or just a slight bump in the road prior to resuming its bullish bias.For the medium term, the 50 day moving average is generally in a trading range with a bearish downward bias. The 20 day moving average is very weak and displaying very bearish bias. FCX may be due for an oversold bounce, but objectively, as long as FCX is trading below its 200 SMA, rallies will be sold into. Technically there are too many uncertainties to recommend a buy on this stock at this moment. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "FCX".

The analyst consensus estimates for the 1 year price target for this stock is $14.68* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Thu, 15 Jun 2017
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