Sunday, January 29, 2012
In the Zone
$MCP - Molycorp., Inc.
Molycorp, Inc., a development stage company, focuses on the production and sale of rare earth oxides from stockpiled feedstocks in the western hemisphere. The company operates the Mountain Pass mine, a non-Chinese rare earth deposit located in San Bernardino County, California.
Its rare earth products are used as inputs in various existing and emerging applications comprising clean energy technologies; multiple high-tech uses; defense applications; and water treatment technology. The company was founded in 2008 and is headquartered in Greenwood Village, Colorado.
Please keep (MCP) Molycorp, Inc. on your radar for a price move above $32.28 - 32.32 on heavier than average average daily trading volume of 4.05 million.
As this week in the stock market came to a close (MCP) Molycorp, Inc. ended the week trading at $31.72 up $2.80 or 9.68 percent on heavier than average weekly trading volume of 21.65 million. The average weekly trading volume for (MCP) Molycorp., Inc. is 21.52 million.
Please note that this stock is not a buy recommendation please do your own due diligence or get help from a professional before trading.
By: Marlin Rolle
*** Please have a close look at the charts listed below ****