Trend Trading: Freeport McMoran

Freeport McMoran is the number one stock in the S&P 500 Index

Looking at a 200 day relative strength moving average of Freeport McMoran (FCX) vs. The S&P 500 Index (SPX), it is trading 90% above. The number 2 ranked stock is Discovery Inc. (DISCA) at 75% above. Tesla (TSLA) ranks number 10, at 49% above the 200 day relative to The S&P,  and is strongly deteriorating.

Freeport McMoran (FCX).

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Discovery Inc. (DISCA)

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Tesla (TSLA)

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Comments welcome.

Published by Trendanomics

Trend trading analysis of the markets with simple trend trading strategies.

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