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Molycorp, Inc (MCP) - Buy, Sell or Hold?

Sector: Basic Industries   Sub-Sector: Precious Metals
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 22 Sep 2017NoneDojiTue, 12 Sep 2017-2.53%
***Stock database and scans are updated around midnight (New York time) every trading day.
0.00 0.00 (0%) Aug 06 3:56pm EDT
Open: N/A Range: N/A Vol: 0K Avg Vol: 8.22M
EPS: -3.00 P/E ratio: 0.00 EBITDA: 0.00 Mkt Cap: N/A
Analyze "MCP" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 376.05
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 384.91
Last Trade is below the 50 day moving average at 389.55
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 368.35
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of MCP

Stock Trend Analysis - Buy, Sell or Hold "Molycorp, Inc" (MCP)?

MCP is in a very strong uptrend. In the last 52 weeks, MCP has been trading above the 200 day moving average for 100% of the time with an average daily volume of 8.2M shares being traded. The 50 day moving average, currently at 389.55, although still maintaining a bullish inclination, is however exhibiting characteristics of a medium term trading range. As the dominant long term trend is still up strongly, the high probability trade is still buying the dips. The 20 day moving average is in a trading range and is generally bucking the trend with a bearish bias. MCP was only able to maintain above the 20 SMA for 25% of the time in the last month of trading. Objectively, in a strong uptrend, the high probability strategy is to buy dips. A good area for traders who are considering taking a long position in MCP is near the 200 SMA currently at 368.35. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "MCP".

The analyst consensus estimates for the 1 year price target for this stock is $2.00* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 22 Sep 2017
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