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Molycorp, Inc. (MCP) - Rare Earth Metal Stocks 2011
Molycorp, Inc. (MCP) hit a high recently just above $62 and reversed to $50.50 this morning on a large correction. If you are looking to get into a rare earth metal stock, Molycorp, Inc (MCP) is the one to buy due to the fact that their Mountain Pass mine will come online in 2012.
http://en.wikipedia.org/wiki/Mountain_Pass_rare_earth_mine
Some say the rare earth metal stocks are a bubble, I guess it depends on which ones they are talking about. China continues to stop exports and they control 97% of the worlds rare earth metals. With electric cars, wind turbines, and smartphones hitting the market by storm, the demand for rare earth metals will only increase.
Molycorp, Inc. (MCP) has resistance between $55.50-$56 but then nothing until $60-$62.30. MCP stock has support at $50.
Other Rare Earth Metals stocks to watch in 2011 are:
Molycorp Inc. (MCP)
Rare Element Resources Ltd. (REE)
Avalon Rare Metals, Inc. (AVL)
Lynas Corp. Ltd. (LYSCF.PK)
Tags: 2011, earth, mcp, metal, molycorp, rare, stock, stocks
Views: 327
Replies to This Discussion
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Permalink Reply by Stocks To Buy on -
Molycorp (MCP) was very active today, falling to $51 in the afternoon and then exploding back into the $54's. The stock was up slightly in afterhours tonight - $54.70. Expect MCP to be very active again next week, especially if the stock breaks up through $56 resistance.
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Permalink Reply by Stocks To Buy on
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Molycorp (MCP) stock higher as the rare earth stocks continue their momentum. MCP gapped up this morning but failed at the $56 level. $56.08 might have been an error, I didn't see it hit. $56.75 was traded in pre market though.
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Permalink Reply by Rob Roy on -
I like MCP. I was looking at picking this up some time though it would have a quick run to $60
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Permalink Reply by Stocks To Buy on
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The last two closes have been horrible, maybe MCP tests $50 again....unsure
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Permalink Reply by Stocks To Buy on
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I am in but not in fully....the last two days they gapped it up in pre market $1-$2....today the market is strong as far a futures go and its flat
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Permalink Reply by Stocks To Buy on
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The lockup expires at the end of the month, insiders will be allowed to sell shares if they wish
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Permalink Reply by Stocks To Buy on
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Sold some in the $54's this morning, looking to buy back at $52.30....these are my trading shares that I have been flipping.
If anyone is considering trading MCP stock, check out my analysis
http://daytradingstockblog.blogspot.com/2011/01/trading-mcp-stock-m...
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Permalink Reply by Stocks To Buy on
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Molycorp (MCP) is pushing up to $53 in pre market......the price of Cerium is up 20% in the past two days
Cerium is one of the rare earth minerals to be mined in the Molycorp Mountain pass mine
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Permalink Reply by Stocks To Buy on
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Friday - January 14, 2011 - 9am EST - CNBC is going to be talking about Rare Earth Companies
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Permalink Reply by Stocks To Buy on
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MCP testing $50 and looking very weak on low volume
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