The Relative Strength (RS) Rating for Freeport-McMoRan moved up into a higher percentile Friday, as it got a lift from 70 to 76.
This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the best-performing stocks often have an 80 or better RS Rating as they launch their largest runs. See if Freeport-McMoRan can continue to rebound and hit that benchmark.
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Freeport-McMoRan is working on a consolidation with a 55.23 entry. See if it can clear the breakout price in volume at least 40% higher than normal.
While earnings growth decreased in the company's most recent quarterly report from 31% to -3%, sales grew 17%, up from 15% in the previous report.
Freeport-McMoRan earns the No. 4 rank among its peers in the Mining-Metal Ores industry group. Southern Copper is the top-ranked stock within the group.
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