Las Vegas Sands Corp. (LVS) & Molycorp (MCP)- Weekly Stocks Pick May 31-June 03, 2011

During last week of trading, there were many stocks that continued to break out to the upside. Watch Resistance & support levels Below are a list of stocks that I am watching May 31-June 03, 2011.You can also check previous stocks to buy reports - Right here & Previous Weekly Stocks Pick Gainers- Right here

Las Vegas Sands Corp. (LVS)-Las Vegas Sands Corp. is trading $40-$45 last week. Las Vegas Sands Corp will have resistance level at $46 followed by $49 now. Las Vegas Sands (LVS) continues to be a buy below $38. I will trade in both side in coming days.

05/31-06/03 Weekly LVS resistance, pivot & support 

Resistance R3 44.39, R2 43.38, R1 42.38
Pivot Point 40.38
Support  S 39.98, S2 38.58, S3 37.58

Technical Analysis Stock Charts: Chart Below
60m chart
Daily chart

Molycorp (MCP)- Share of  Molcorp (MCP) is found support at $56 which is my stop if i am long.Molycorp will have resistance at $67, follow by $70 and support area $60.If broke $60 next support area is $55. 

05/31-06/03 Weekly MCP resistance, pivot & support

Resistance R3 69.77, R2 67.40, R1 65.04
Pivot Point 61.01
Support  S1 58.65, S2 54.62, S3 52.26

Technical Analysis Stock Charts: Charts Below

60m chart
Daily chart

Weekly Stocks Pick Rule: When ever I buy or short stocks if that stocks go up short term quick 5-10% gain, I took profit and buy back in low price again. When ever I buy stock always have stop price. Always protect my original capital.

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