Tuesday, May 17, 2011

Las Vegas Sands Corp. (LVS) & Molycorp (MCP)- Weekly Stocks Pick May 16-20, 2011

During last week of trading, there were many stocks that continued to break out to the upside. Watch Resistance & support levels Below are a list of stocks that I am watching for May 16-20, 2011.You can also check previous stocks to buy reports - & Previous Weekly Stocks Pick Gainers-

Las Vegas Sands Corp. (LVS)-Las Vegas Sands Corp. is trading $42-$45 last week. Las Vegas Sands Corp will have resistance level at $46 followed by $49 now. Las Vegas Sands (LVS) continues to be a buy below $38. I will trade in both side in coming days.

05/16-05/20 Weekly LVS resistance, pivot & support
Resistance R3 47.18, R2 45.65, R1 44.12
Pivot Point 43.35
Support S 41.82, S2 41.05, S3 39.52

Technical Analysis Stock Charts: Chart Below
60m chart
Daily chart

Molycorp (MCP)- Share of Molcorp (MCP) is now downtrend now.Molycorp will have resistance at $67, follow by $70 and support area $60.Last earning was stock broke the uptrend now.If broke $60 next support area is $55.

05/16-05/20 Weekly MCP resistance, pivot & support
Resistance R3 83.57, R2 76.43, R1 69.32
Pivot Point 57.63
Support S1 57.63, S2 53.11, S3 45.97

Technical Analysis Stock Charts: Charts Below
60m chart
Daily chart

Weekly Stocks Pick Rule: When ever I buy or short stocks if that stocks go up short term quick 5-10% gain, I took profit and buy back in low price again. When ever I buy stock always have stop price. Always protect my original capital.