FCX — oversold signal, 18 May
RSI(2)7.7
RSI(14)45.9
Close $ · flag day60.50
Off 20-day high−14.5%
Avg volume16.3M
What followed
| Date | Close $ | 5-day avg. | vs flag close |
|---|---|---|---|
| 18 May | 60.50 | 64.57 | +0.0% |
| 19 May | 58.70 | 63.10 | -3.0% |
| 20 May | 60.87 | 61.84 | +0.6% |
| 21 May | 62.31 | 61.08 | +3.0% |
| 22 May | 61.99 | 60.87 | +2.5% |
| 26 May | 64.36 | 61.65 | +6.4% |
| 27 May | 63.63 | 62.63 | +5.2% |
| 28 May | 65.87 | 63.63 | +8.9% |
| 29 May | 65.71 | 64.31 | +8.6% |
| 01 Jun | 67.04 | 65.32 | +10.8% |
| 02 Jun | 71.72 | 66.79 | +18.5% |
The rule flags the close; the strategy's exit is the first close above the 5-day average, or six trading days, whichever comes first. Shown for research — not every flag is traded.
Research chart
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