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Monday, September 26, 2011

Molycorp (MCP) Technical analysis 9/26/11

The following is Molycorp (MCP) Technical analysis for September 27, 2010   
 

Molycorp (MCP) Resistance, pivot & Support Levels - 09/27/2011


Resistance levels: $43.09, $40.12, $37.34

Pivot point: $34.37


Support levels:$31.59, $28.62, $25.84



Molycorp Inc. (MCP) is down another 4% on Monday but stock up ah 2% because fast money like the stock now.
I like the stock here because down 6 days in a row and I am long some low $32 area  and my stop will be $31.41.Stock has some resistance level is $37.16 which is Monday's high. This is only bounce play stock now.


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