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 November 21-25, 2011.You can also check previous stocks to buy reports - Right here & Previous Weekly Stocks Pick Gainers- Right here
Molycorp Inc. (MCP)- Share of Molcorp (MCP) was trading down last week.Molycorp (MCP) hit new 52 weeks high on Friday which is bearish. Stock is short term oversold now.New support located at $27.93 and resistance area is $30.72 .This stock is buy any correction under $27-$28 for swing trade. I will keep on eye for this week.
11/21-11/25 Weekly MCP resistance, pivot & support Pivot Point 30.28
Support S1 26.04, S2 23.72, S3 19.48
Technical Analysis Stock Charts: Charts Below
Daily chart
Green Mountain Coffee Roasters Inc. (GMCR) - Green Mountain Coffee Roasters Inc. (GMCR) is closed over $50s on Friday. GMCR is a buy for a trade low $40 and resistance level is $55.18. I will keep on eye for this week.
11/21-11/25 Weekly GMCR resistance, pivot & support Pivot Point 48.91
Support S1 42.65, S2 34.85, S3 28.39
Technical Analysis Stock Charts: Charts Below
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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