Molycorp (MCP) & Las Vegas Sands Corp. (LVS) - Weekly Stocks Pick October 3-7, 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 October 3-7 , 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 under all moving average  last week. Las Vegas Sands Corp will have resistance level at $42 followed by $45 now. Las Vegas Sands (LVS) continues to be a buy below $38. I will trade in both side in coming days.

10/03-10/07 Weekly LVS resistance, pivot & support 

Resistance R3 51.92, R2 48.96, R1 43.67
Pivot Point 40.71
Support  S 35.42, S2 32.46, S3 27.67

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

Molycorp (MCP)- Share of  Molcorp (MCP) was trading $31.83-$39.75 last week. Molycorp will have resistance at $35 follow by $40 and support area $31.83.This stock is buy any correction under $30 again for swing trade. I will keep on eye for this week. 

10/03-10/07 Weekly MCP resistance, pivot & support

Resistance R3 46.16, R2 42.92, R1 37.89
Pivot Point 34.65
Support  S1 29.62, S2 26.38, S3 21.35

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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