By Tim - http://stockstobuy.org
Shares of Molycorp (MCP) are rallying in after hours tonight ( $46.20 ) after Brian Kelly of CNBC's Fast Money told viewers It's time to buy Molycorp (MCP) again. BK told views last week he would be looking to start buying MCP stock between $40-$42 so he has upped his buy price. Brian Kelly also noted last week that if Molycorp secures additional financing toward the Mountain Pass mine production increase, MCP stock will head higher.
As for Molycorp (MCP) stock analysis, the stock hit a low of $42.88 this morning but skyrocketed in the afternoon. The main level of resistance MCP has right now is located at #48.39. MCP has failed at $48.39 twice in the past week. A break above this level will be bullish and probably take the stock back into the $50's.
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