Can Molycorp Claw Its Way Back?
C = Catalyst for a Stock’s Movement
Molycorp engages in the production and sale of rare earth products that include oxides, metals, alloys, and magnets for various inputs in existing and emerging applications comprising clean energy technologies, multiple high-tech uses, defense applications, and water treatment technology. As these technologies continue to be developed, look for Molycorp to make enormous profits if they become mainstream.
T = Technicals on the Stock Chart are Weak
Molycorp saw a surge higher in its stock price soon after its initial public offering. In 2011, the stock began a decline that is still in tact today. The decline has taken the stock below IPO levels. Key simple moving averages can provide insight into the trend and strength of the trend. What are the key moving averages? The 50-day, 100-day, and 200-day simple moving averages. Molycorp is trading below all of its declining key averages which signals a downtrend in the stock price…