By Tim - http://stockstobuy.orgThe following is technical analysis on Molycorp Inc. (MCP) - November 11, 2011
Molycorp Inc. (MCP) Support & Resistance Levels - 11/11/11
Resistance Levels: $36.25, $40
Support Levels: $33.46, $32, $29.90
Chart - http://www.stockcharts.com
Molycorp Inc. (MCP) stock is going down this morning after the company failed to beat lofty analysts earnings estimates. MCP stock seems to have found a bottom in the $33's today and is now bouncing well into the $34's. Molycorp Inc. (MCP) will have resistance at today's high of $36.25 as well as $40. MCP is a strong buy below $30 if we see a further correction. Molycorp Inc. (MCP) is still on track to open their Mountain Pass rare earth mine in 2012.
Molycorp Inc. (MCP) Support & Resistance Levels - 11/11/11
Resistance Levels: $36.25, $40
Support Levels: $33.46, $32, $29.90
Chart - http://www.stockcharts.com
Molycorp Inc. (MCP) stock is going down this morning after the company failed to beat lofty analysts earnings estimates. MCP stock seems to have found a bottom in the $33's today and is now bouncing well into the $34's. Molycorp Inc. (MCP) will have resistance at today's high of $36.25 as well as $40. MCP is a strong buy below $30 if we see a further correction. Molycorp Inc. (MCP) is still on track to open their Mountain Pass rare earth mine in 2012.
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