Analyst Upgrade/Downgrade Update Brokerage firm: Cowen Change: Coverage Reitarated/Price Target Changed Previous Rating: N/A Current Rating: Outperform Previous Price Target: $15 Current Price Target: $20
Share of Freeport-McMoRan Inc (NYSE:FCX) are on the verge of dropping 21%. Investors need to take note of these this major factor that dictates price action. Notice on the stock chart below, how over the last two weeks Freeport-McMoRan has been unable to make new highs while the stock market has made multiple new all-time highs. In addition, the stock chart over those same two weeks has a clear bear flag pattern formation. This usually forms when small investors are buying but big institutional traders are gently selling into them, dumping shares. All in all, these are huge bearish signals on the Freeport-McMoRan and investors should be selling or shorting the stock heavily. The first target to the downside is $13.20, a net profit from the current price of 14% for shorts. The second target is $12.10, a net profit for shorts of 21%. This trade will likely play out in the next six weeks, if not sooner.
Are you a real person? This is the thread that you need to post in http://stockaholics.net/threads/fcx-freeport-mcmoran-inc.241/
Those charts look very similar to the RebbekaTrader or something like that - including pictures of attractive women for their profile.
It looks like a bot. If you google 'AnnabelleTrader', there are accounts all over the place. I can barely keep up with 1 :/
If you respond to this post, we'll let you stick around and know you're not just some copy/paste bot going around to multiple forums trying to get hits. Please respond if you'd like to be involved in this community without clickbait and maybe some actual conversation. Tagging @Gil Oren and @Cy McCaffrey in case they missed it as well.
Freeport (FCX) Q4 Earnings Miss Estimates, Revenues Beat https://finance.yahoo.com/news/freeport-fcx-q4-earnings-miss-154803161.html Got in this morning with some puts.
$FCX sitting at support. 13.60s being a pain in the ass resistance though. It continues to trade like garbage Bearish posted by ATMcharts on stocktwits.com
off to the races? ----- Freeport-McMoRan Inc. Stock Rises Tuesday, Outperforms Market 4:53 pm ET February 8, 2022 (MarketWatch) This article was automatically generated by MarketWatch using technology from Automated Insights. Shares of Freeport-McMoRan Inc. (FCX) rose 4.45% to $40.63 Tuesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.84% to 4,521.54 and the Dow Jones Industrial Average rising 1.06% to 35,462.78. This was the stock's third consecutive day of gains. Freeport-McMoRan Inc. closed $5.57 below its 52-week high ($46.20), which the company reached on January 18th. Trading volume (15.8 M) remained 2.3 million below its 50-day average volume of 18.1 M. Data source: Dow Jones Market Data, FactSet. Data compiled February 8, 2022. -MarketWatch Automation (END) Dow Jones Newswires February 08, 2022 16:53 ET (21:53 GMT) Copyright (c) 2022 Dow Jones & Company, Inc.
