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Freeport-McMoRan Awakens From Its Long Slumber

Shares of copper giant Freeport-McMoRan Inc. (FCX) hit a two-year high just above $20 at the start of 2018 and turned sharply lower, descending in a straight line into year end. This horrific performance booked a negative 46% annual return, shocking long-term shareholders. Price action this year looks far more constructive, with the stock carving the last wave of an inverse head and shoulders basing pattern.

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