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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
Fri, 17 Nov 2017Bullish EngulfingBearish EngulfingFri, 10 Nov 2017-3.82%
***Stock database and scans are updated around midnight (New York time) every trading day.
13.86 0.00 (0%) Nov 17 4:00pm EST
Open: 13.51 Range: 13.50 - 13.93 Vol: 15.33M Avg Vol: 18.19M
EPS: 0.71 P/E ratio: 19.72 EBITDA: 5.20B Mkt Cap: 20.23B
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 13.87
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 14.34
Last Trade is below the 50 day moving average at 14.36
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 13.44
* 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)?

FCX is in a long term trading range with an upward bias. The last 52 weeks has seen this stock maintain an upward swing with about 71% of the time spent trading above the 200 day moving average. The 50 day moving average also indicates range bound trading but with a general bullish upside bias. Even the 20 day moving average is exhibiting similar bullish bias in a trading range. For adventurous traders, once a trading range is identified, a viable strategy is to short breakouts and buy breakdowns with the expectation FCX will return into the established trading range. However, a more conservative and higher probability trade is to still buy dips as the longer term trend is still up. A good place to accummulate longs is at the 200 SMA currently near 13.44. 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 $16.17* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 17 Nov 2017
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