Shares of Freeport-McMoRan Inc (NYSE:FCX) have been pounded with all the gold miners over the last few weeks. The stock has fallen from $17 to near $12, a drop of almost 30%. The good news for investors is that Freeport-McMoRan is nearing a major gap fill support level. This will cause a big bounce. The entry buy price is $12.00 and it is pennies away. Expect a quick, sharp bounce back to $13.25, an easy 10% move.




Stock chart technical analysis on shares of Freeport-McMoRan