Las Vegas Sands Corp. (LVS) & Molycorp (MCP)- Weekly Stocks Pick August 15-19, 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 15-19, 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 $38-$44 last week. Las Vegas Sands Corp will have resistance level at $46 followed by $48 now. Las Vegas Sands (LVS) continues to be a buy below $38. I will trade in both side in coming days.

08/15-08/19 Weekly LVS resistance, pivot & support 

Resistance R3 54.58, R2 49.38, R1 46.48
Pivot Point 41.28
Support  S 38.38, S2 33.18, S3 30.28

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

Molycorp (MCP)- Share of  Molcorp (MCP)  was nice $20 swing last week because of goo earning news.Molycorp will have resistance at $66.13, follow by $70 and support area $55-$56.This stock is buy any correction near $50 again.  I will keep on eye for this week. 

08/15-08/19 Weekly MCP resistance, pivot & support

Resistance R3 85.10, R2 74.30, R1 66.60
Pivot Point 55.80
Support  S1 48.10, S2 37.30, S3 29.60

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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