Molycorp (MCP) & Research In Motion Ltd. (RIMM)- Weekly Stocks Pick August 29-September 02, 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 29 - September 02, 2011.You can also check previous stocks to buy reports - Right here &  Previous Weekly Stocks Pick Gainers- Right here

Molycorp (MCP)- Share of  Molcorp (MCP)  was nice $20 swing last earning news but test again $47 area..Molycorp will have resistance at $57.13, follow by $60 and support area $47-$50.This stock is buy any correction near $50 again.  I will keep on eye for this week. 

08/29-09/02 Weekly MCP resistance, pivot & support

Resistance R3 61.17, R2 57.48, R1 55.23
Pivot Point 51.54
Support  S1 49.29, S2 45.60, S3 43.35

Technical Analysis Stock Charts: Charts Below

60m chart
Daily chart

Research In Motion Ltd. (RIMM)-Research in Motion (RIMM) is trading $25-$29 last week.Research in Motion will have resistance on the upside level at $30.RIMM is a strong buy low $20 now.This is my one top pick for 2011.

08/29-09/02 Weekly RIMM resistance, pivot & support

Resistance R3 32.86, R2 31.23, R1 30.20
Pivot Point 28.57
Support  S1 27.54, S2 25.91, S3 24.89

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.

For the latest updates on the stock market, visit, 
http://daytradingstock-blog.blogspot.com/