The rare earth stocks were upgraded this morning from Dahlman Rose, which put a $15 price target on Avalon Rare Metals, Inc. (AVL) and $125 target on Molycorp, Inc. (MCP), while also upgrade Rare Elements Resources Ltd. (REE) to a buy. I am going to look to focus my trading in the group to AVL, which has been in an upper level base. I am long pre-market but you can look to add a position on the open for a move back to highs of $10.50. Stop-loss for the trade would be $8.50.
*DISCLOSURE: Long AVL
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