Cranking up the volume at a capitulation low.
Freeport-McMoRan Inc ($FCX) is trading on higher than normal volume today. Freeport-McMoRan Inc is up 1.20% at $10.40 on a volume of 101,517,000 shares. That’s already 5.41 times the normal daily volume of 35,711,500.
Technical traders look at heavy volume as we see in Freeport-McMoRan Inc today to confirm existing or developing signals.
Freeport-McMoRan Inc is below the 50 day moving average and below the 200 day moving average. These are bearish, bearish indicators respectively.
Freeport-McMoRan Inc Freeport-McMoRan Inc, formerly Freeport-McMoRan Copper & Gold, deals in the mining of copper, gold and molybdenum.