Attention to FCX if stock can continue to move higher. Trendline indicates 1.80% annual inflation. From a high of $17 in 1996 would equate to $~$26 2019.
From a low of ~$3.81 in Nov 2000 a 1.80% annual inflation rate would equate to ~$5.35.
From a mid point of $10.50 = $15.27
FCX Long rally and correction wave prediction. Now it looks like long. Here is a prediction of the rally pattern which may have a longer or shorter time scale than the time scale presented here.
Copper making move
ER in rear view
Grasberg pit on track
Things are looking ok here. Just need to hop over that resistance line... : )
What do ya'll think?
Like the idea here.. couple big green days, some take advantage and sell off.. buyers step in and pick up slack.. end up with 2 big green candles? We'll see
Should be good here. until next panic hits
Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
Keep on the top of your watch list for tomorrow and Fridays trade talks, the stock chart is horrendous, thus if things go well it has massive upside potential, we see 50% gains or losses on the cards, dependent on how the trade discussions play out.
Company profile
Freeport-McMoRan, Inc. engages in the mining of copper, gold, and molybdenum. It operates through...
pure play copper not exactly best idea for global recession positioning.. but, who knows how this thing is going to go down. Copper is so important, it cant be left behind for long? Maybe it can? But accumulation at least shows some promise.. Should be fun next few months! Please let me know your thoughts.. FCX performance lately is scary. Big money know...
Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
Fundamentally there is no stimulant for FCX to stage any recovery as the world economy continues to struggle and demand reduces. Optimism over a trade deal is low and Europe continues to retrace.
Technically the stock has hit support so maybe options traders see a dead cat bounce possible.
Average analysts price target $13.01
Average analysts...
FCX contra resistencia de la cuña bajista de corto plazo que se mueve dentro de un movimiento bajista de más largo plazo.
Mientras mantenga la zona de 10.20/10.10 aún quedarán chances de romper al alza para ir a buscar los 12/12.15. Si no puede mantenerse por encima de este soporte inmediato, es muy probable que vaya a la zona de soportes de mayor importancia en...
FCX’s innovation outlook is trending up based on a current score of 64 out of 99, outperforming sector average. Jobs growth over the past year has decreased and insiders sentiment is positive. FCX is an Average Performer in terms of sustainability. It is most exposed to BP p.l.c. as its supplier. Over the past 4 quarters FCX beat earnings estimates 2 times and it...
Freeport-McMoRan Inc. (FCX) is a mining company. The Company operates through geographical assets with proven and probable reserves of copper, gold and molybdenum, and traded copper producer. The Company's segments include refined copper products, copper in concentrate, gold, molybdenum, oil and other. The Company's segments include the Morenci, Cerro Verde, Grasberg copper mines, the Rod & Refining operations and the United States (U.S.) Oil and Gas Operations. The Company has organized its operations into five divisions, which include North America copper mines, South America mining, Indonesia mining and Molybdenum mines. The Company's portfolio of assets includes the Grasberg minerals district in Indonesia, copper and gold deposits, and mining operations in the Americas, including the large-scale Morenci minerals district in North America and the Cerro Verde operation in South America.
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FCX
