While looking for stocks I believe will break their recent down trends, Molycorp, Inc. (MCP) stood out to me. I will be watching break of the $60 level for a potential momentum trade to the $62.60 level. If price action can break that $62.50 pivot I will be looking for a swing trade to my first target of $65.50 and then $67.50. The 50% retracement from recent 52 week highs to current pivot lows…
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