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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