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FCX : BLUE SKY BREAKOUT / SWING TRADE
Freeport-McMoRan, Inc.
Long
FCX : BLUE SKY BREAKOUT / SWING TRADE
By TradingMavericks
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Updated
May 29, 2021
0
Jan 4, 2021
Freeport-McMoRan is a unique opportunity in a high copper priced world, with the ability to take advantage of growing demand for electric vehicles.
The company achieved significant 3Q 2020 results, and it's focused on aggressively paying down debt to $4.5 billion by YE 2021.
The company has an incredible FCF potential, with a double-digit FCF yield expected in 2021, driving strong shareholder returns.
seekingalpha.com/article/4391628-freeport-mcmoran-unique-opportunity-in-high-copper-priced-world
May 29, 2021
Trade closed: target reached
blueskybreakout
breakout
Chart Patterns
Technical Indicators
swingtrading
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