FCX Makes Notable Cross Below Critical Moving Average

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In trading on Monday, shares of Freeport-McMoran Copper & Gold (Symbol: FCX) crossed below their 200 day moving average of $32.86, changing hands as low as $32.85 per share. Freeport-McMoran Copper & Gold shares are currently trading down about 0.5% on the day. The chart below shows the one year performance of FCX shares, versus its 200 day moving average: Freeport-McMoran Copper & Gold 200 Day Moving Average Chart

Looking at the chart above, FCX's low point in its 52 week range is $26.37 per share, with $38.09 as the 52 week high point - that compares with a last trade of $33.09.

According to the ETF Finder at ETF Channel, FCX makes up 7.41% of the First Trust ISE Global Copper Index Fund ETF (Symbol: CU) which is trading lower by about 0.4% on the day Monday.

Click here to find out which 9 other metals stocks recently crossed below their 200 day moving average »




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




This article appears in: Investing , Commodities

Referenced Stocks: FCX , CU

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