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

·2 min read
Freeport-McMoRan Should Take the Path of Least Resistance and Move Higher
In this article:
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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.