Molycorp (MCP) Resistance, pivot & Support Levels - 04/18/2011
Resistance levels: $77.91, $76.68, $75.45
Pivot point: $73.77
Support levels:$72.54, $70.86, $69.63
Share of Molcorp (MCP) hit a new 52 week high on Monday.Molycorp will have resistance at $76 follow by $80 and support area $70 area which is 9 day moving average. Molycorp Acquires Rare Earth Metal and Alloy Manufacturer Santoku America, Inc.This stock is up from $41 to $75 in 2 weeks.Is it time hold here that the big question now all trader.But I will be carefull to trade here in long side.I am looking for short near $76.
For more Technical Analysis -Go Here
For the latest updates on the stock market, visit,
http://technicalanalysis-blog.blogspot.com/
