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Molycorp Inc. (NYSE:MCP), a stock that I own personally, broke out Friday afternoon above stiff $47.88 resistance. Molycorp (MCP) will now face even tougher resistance at $49.95 which was a failing point twice two weeks ago. If MCP can get back above $50, I think it can easily rally back up to $55-$56. I am looking to add more MCP at $45 per share.

Tags: 2011, analysis, mcp, molycorp, resistance, stock
Permalink Reply by Stocks To Buy on April 5, 2011 at 6:10am MCP is $66 now
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What Stocks to Buy? Oil prices continue to rise and oil stocks are a good buy for the long term. For oil stock ideas, check out the latest hot shale plays in the US.
Utica Shale
Bakken Shale
Eagle Ford Shale
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