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Freeport-McMoran Investors Should Ride the Current

·2 min read
Freeport-McMoran Investors Should Ride the Current
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Raise sell stops to $31 and raise your price target on the balance of your position to $55. The On-Balance-Volume (OBV) line has been relatively stable since early January and is not too far from making a new high to confirm the price gains. The weekly OBV line shows slightly higher lows the past few months suggesting that buyers of FCX are still being more aggressive than sellers.