Shares of Molycorp (MCP -1.5%) retreat after JPMorgan issues cautionary comments on the deal to take on an investment from Molymet. Analyst Michael Gambardella questions the timing of the cash infusion without any obvious use for it by the rare earth miner.
Molycorp (MCP ) resistance level is $32.70 and support level is $29.
Molycorp (MCP ) resistance level is $32.70 and support level is $29.
More Stocks News
For the latest updates on the stock market, visit,
http://daytradingstock-blog.blogspot.com/