FCX breaking out of downtrend?
Attention to FCX if stock can continue to move higher. Trendline indicates 1.80% annual inflation. From a high of $17 in 1996 would equate to $~$26 2019.
From a low of ~$3.81 in Nov 2000 a 1.80% annual inflation rate would equate to ~$5.35.
From a mid point of $10.50 = $15.27
From a low of ~$3.81 in Nov 2000 a 1.80% annual inflation rate would equate to ~$5.35.
From a mid point of $10.50 = $15.27
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