Molycorp (MCP) & Green Mountain Coffee Roasters Inc. (GMCR) - Weekly Stocks Pick November 28- December 02, 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 November 21- December 02, 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 low last week which is bearish. Stock is short term oversold now.New support located at $26.68 and resistance area is $30.72.This stock is buy any correction low $20s for swing trade. I will keep on eye for this week. 

11/28-12/02 Weekly MCP resistance, pivot & support

Resistance R3 33.01,  R2 31.68, R1 29.33
Pivot Point 28.00
Support  S1 25.65, S2 24.32, S3 21.97

Technical Analysis Stock Charts: Charts Below

60m chart
Daily chart

Green Mountain Coffee Roasters Inc. (GMCR) - Green Mountain Coffee Roasters Inc. (GMCR) is trading mid $40s and mid $50s. GMCR is a buy for a trade low $40 and resistance level is $55.18. I will keep on eye for this week. 

11/28-12/02 Weekly GMCR resistance, pivot & support

Resistance R3 59.26, R2 56.87, R1 53.10
Pivot Point 50.71
Support  S1 46.94, S2 49.55, S3 40.78

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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