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 watch April 30-May 4, 2012.You can also check previous stocks to buy reports - Right here & Previous Weekly Stocks Pick Gainers- Right here
Molycorp Inc. (MCP)- Molycorp (MCP) was down last week.New support located at $27.50 and resistance area is $31.27.Share of Molcorp (MCP) trade under $30 November which is good for 1/2 long my position for 2012, I am long for 2nd half go long for low $23s. I believe that stock could see $50 stock next 12 months.But stock is short term overbought last week, I sold near $35 and I want buy back near $28 again last week. But I am still trading for short term weekly trade because I want to make some weekly gain in my account.This is my one of the Top Pick for 2012.
4/30-5/4 Weekly MCP resistance, pivot & support Pivot Point 28.27
Support S1 27.00, S2 26.23, S3 24.96
Technical Analysis Stock Charts: Charts Below
Daily chart
Green Mountain Coffee Roasters Inc. (GMCR) - Green Mountain Coffee Roasters Inc. (GMCR) is trading under $30 this week. GMCR is a buy for a trade low $20s and resistance level is $32-$35. Stock is buy near $20 for quick trade.I will keep on eye for this week.
4/30-5/4 Weekly GMCR resistance, pivot & support Pivot Point 46.53
Support S1 44.16, S2 40.43, S3 38.06
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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