Molycorp (MCP) & Las Vegas Sands Corp. (LVS) - Weekly Stocks Pick October 17-21, 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 17.-21 , 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 all moving average  last week. Las Vegas Sands Corp will have resistance level at $47 followed by $50 now. Las Vegas Sands (LVS) continues to be a buy below $38. I will trade in both side in coming days.

10/17-10/21 Weekly LVS resistance, pivot & support 

Resistance R3 45.71, R2 47.73, R1 46.49
Pivot Point 44.51
Support  S 43.27, S2 41.29, S3 40.05

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

Molycorp Inc. (MCP)- Share of  Molcorp (MCP) was trading $35-$39 last week. Molycorp will have resistance at $39 follow by $45 and support area $34.This stock is buy any correction under $30 again for swing trade. I will keep on eye for this week. 

10/17-10/21 Weekly MCP resistance, pivot & support

Resistance R3 45.54, R2 42.38, R1 40.73
Pivot Point 37.57
Support  S1 35.92, S2 32.76, S3 31.11

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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