Fortescue Ltd (FMG) Stock Price, News, Quotes-Moomoo

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Comments

TOLKKI

1 hour ago

Where is cost support for the iron ore price?

From a purely technical analysis perspective, I propose that we’re now at a critical support point for the iron ore price. There is a zone of historical demand between $99.89 and $103.55. The price has rallied at least twice from this level.
$Rio Tinto Ltd (RIO.AU)$ $BHP Group Ltd (BHP.AU)$ $Fortescue Ltd (FMG.AU)$

6

Lysander

Yesterday 11:58

Down ,down,down Iron ore has been driven by Chinese construction. Residential construction is now 20% of a year ago. Ouch Plus the Chinese have spent billions to build a huge railway in Africa to ship high quality IO in large quantities. And all current majors are expanding supply. So demand crashing and supply heading north. I jumped 9 weeks ago after holding for over 25 years $Fortescue Ltd (FMG.AU)$

7

mrminivee

Jul 30 22:36

Fortescue ( $Fortescue Ltd (FMG.AU)$ ) was the major drag on the market after Capital Group sold $1.9bn worth of the stock at $18.55. JP Morgan handled the transaction, so would have dished out the stock to all their institutional clients….FMG closed down 10% to $18.28 and has now fallen about 38% from it’s all time high reached at the beginning of the year.

1

rylar

Jul 26 05:15

Right now, Fortescue’s price is in a downturn. After falling just five cents shy of $30 in February, it’s now trading closer to $20. Is it time to cash in on the current price weakness and pick up a +10% yield? $Fortescue Ltd (FMG.AU)$

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2

DustBrother

Jul 26 05:12

For the week, the $S&P/ASX 200 (.XJO.AU)$ finished down 50.3 points or 0.63% lower, 0.76% from its intraweek low and 0.91% from its intraweek high.
Call it bargain hunting, short covering, or blame it on the miniscule bounce in the iron ore price, but something gave the Resources ( $Resources & Energy Group Ltd (REZ.AU)$ ) (+1.4%) a shove today. Certainly, the iron ore majors stacked on the most index points, with Rio Tinto (ASX: RIO) (+2.7%), BHP Group ( $BHP Group Ltd (BHP.AU)$ ) (+2.2%), and Fo...

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FMG Fortescue Ltd

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