Molycorp: 9 Things the Stock's Chart Is Showing
Today’s chart is of Molycorp Inc. (NYSE:MCP) a development stage company which engages in the production and sale of rare earth oxides in the western hemisphere. Its rare earth products 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. Click to enlarge Strategy:  Stock has the potential for big volatility consider a straddle/strangle. What I Am Looking At: Rare Earth Metals ETF (REMX) underperforming down more than 16% year-to-date. MCP greatly underperforming down more than 63% year-to-date. Up against numerous points ...
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