By Tim - http://stockstobuy.org
The following is technical analysis on Molycorp, Inc. (MCP) stock for April 9, 2011
Molycorp, Inc. (MCP) Support & Resistance Levels - 4/9/11
Resistance Levels: $68.10, $69.20
Support Levels: $67.75
http://stockcharts.com - Chart
Molycorp, Inc. (MCP) stock got tired in the afternoon on Friday and dropped about $2. Molycorp, Inc. (MCP) will have resistance at $68.10 as well as $69.20 on Monday. MCP had an amazing run but I think we are in the last stages as the stock is overbought. I continue to hold a short position in MCP at $68. This is a small Molycorp short and I won't get aggressive unless we would see another huge up day. MCP stock is a buy on a retest of the 50 day moving average ( currently located at $51.44 and rising).
Molycorp, Inc. (MCP) Support & Resistance Levels - 4/9/11
Resistance Levels: $68.10, $69.20
Support Levels: $67.75
http://stockcharts.com - Chart
Molycorp, Inc. (MCP) stock got tired in the afternoon on Friday and dropped about $2. Molycorp, Inc. (MCP) will have resistance at $68.10 as well as $69.20 on Monday. MCP had an amazing run but I think we are in the last stages as the stock is overbought. I continue to hold a short position in MCP at $68. This is a small Molycorp short and I won't get aggressive unless we would see another huge up day. MCP stock is a buy on a retest of the 50 day moving average ( currently located at $51.44 and rising).
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