Las Vegas Sands Corp. (LVS) & Molycorp (MCP)- Weekly Stocks Pick June 13-17, 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 June 13-17, 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 under $40 last week. Las Vegas Sands Corp will have resistance level at $40 followed by $42 now. Las Vegas Sands (LVS) continues to be a buy below $38. I will trade in both side in coming days.

06/13-06/17 Weekly LVS resistance, pivot & support 

Resistance R3 47.16, R2 44.37, R1 41.59
Pivot Point 39.89
Support  S 37.11, S2 35.41, S3 32.63

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

Molycorp (MCP)- Share of  Molcorp (MCP) was big down week because of stock offering. Stock need to hold $50 level an stock short term over sold.If I am long my stop will be $50 and any bounce I will play in short side.Molycorp will have resistance at $55, follow by $60.I will play in both side with tight stop. 

06/13-06/17 Weekly MCP resistance, pivot & support

Resistance R3 74.60, R2 66.89, R1 59.09
Pivot Point 55.09
Support  S1 47.39, S2 53.29, S3 53.59

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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