Freeport-McMoRan Should Take the Path of Least Resistance and Move Higher

Freeport-McMoRan has been trading lower since early May. Prices have been testing the rising 200-day moving average line since July. Trading volume increased from October to June telling us that investor interest was increasing. The trading volume has declined since the middle of June.

By Matt Earle

Matthew Earle is the Founder of MiningFeeds. In 2005, Matt founded MiningNerds.com to provide data and information to the mining investment community. This site was merged with Highgrade Review to form MiningFeeds. Matt has a B.Sc. degree with a minor in geology from the University of Toronto.

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