Adding Molycorp to my watch list

Posted on December 30, 2013 by Stock Trade Journal

Molicorp’s (MCP) chart printed a double bottom pattern on Dec. 17 and followed through with a large jump in price last Friday. Volume was very high and the stock looks like it wants to go to $6 and perhaps $7. I’m looking for a pullback around $5.15 – $5.20 to initiate a position with a stop just below $5 for a Reward / Risk of 4:1

About Stock Trade Journal

The information in this blog is not investment advice. Please consult a financial advisor before investing. I have been trading stock since the 1990's and survived the .com crash. I am developing software applications to help me trade better and now I am making them available to help other traders. This blog is also a way to share my experiences and observations in the market.
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