Las Vegas Sands Corp. (LVS) & Molycorp (MCP)- Weekly Stocks Pick August 1-5, 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 August 1-5, 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 over $40 last week. Las Vegas Sands Corp will have resistance level at $48 followed by $50 now. Las Vegas Sands (LVS) continues to be a buy below $38. I will trade in both side in coming days.

08/01-08/05 Weekly LVS resistance, pivot & support 

Resistance R3 51.23, R2 49.85, R1 48.51
Pivot Point 47.13
Support  S 45.79, S2 44.41, S3 43.07

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

Molycorp (MCP)- Share of  Molcorp (MCP) is closed over $63 on Friday. Molycorp will have resistance at $66.13, follow by $70 and support area $57.This stock is buy any correction near $50 again.  I will keep on eye for this week. 

08/01-08/01 Weekly MCP resistance, pivot & support

Resistance R3 74.94, R2 70.53, R1 67.08
Pivot Point 62.67
Support  S1 59.22, S2 54.81, S3 51.36

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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