Molycorp: 9 Things the Stock's Chart Is Showing

Schaeffer's Investment Research
  DEC 07, 2012 3:30 PM

Molycorp stock has the potential for big volatility; consider a straddle/strangle.

 


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:

This article by Tony Venosa, CMT, was originally published on Schaeffer's Investment Research.

Below, find some more great content from Schaeffer's Investment Research:


Is Linear Technology Poised for a Major Move?

Daily Game Plan – Good Data, Ugly Action

Better-Than-Expected Jobs Data Sends Dow Jones Industrial Average Higher

Twitter: @schaeffers
No positions in stocks mentioned.