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Sunday, December 18, 2011

Molycorp (MCP) Technical analysis - 12/18/11

The following is Molycorp (MCP) Technical analysis for December 19, 2010   
 

Molycorp (MCP) Resistance, pivot & Support Levels - 12/19/2011


Resistance levels: $29.53, $28.58, $27.50

Pivot point: $26.55


Support levels:$25.47, $24.52, $23.44



Molycorp Inc. (MCP) hit new 52 weeks low on Friday. Share of  Molcorp (MCP) trade under $30  November which is good for 1/2 long my position for 2012, I am looking for 2nd  half go long for low $20s if any market correction. I believe that stock could see $50 stock next 12 months.
This is my one of the Top Pick for 2012.


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