Molycorp.Inc. (fka MCPIQ)

[ringao]

getting attention

http://www.thestreet.com/story/12181857/1/trade-ideas-molycorp-mcp-is-todays-barbarian-at-the-gate-stock.html

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Trade-Ideas: Molycorp (MCP) Is Today's "Barbarian At The Gate" Stock
By David Aferiat12/27/13 - 12:39 PM EST
Find out if (MCP) is in Cramer's Portfolio.
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Molycorp (MCP) as a "barbarian at the gate" (strong stocks crossing above resistance with today's range greater than 200%) candidate. In addition to specific proprietary factors, Trade-Ideas identified Molycorp as such a stock due to the following factors:

MCP has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $26.0 million.
MCP has traded 13.3 million shares today.
MCP traded in a range 276.5% of the normal price range with a price range of $0.48.
MCP traded above its daily resistance level (quality: 69 days, meaning that the stock is crossing a resistance level set by the last 69 calendar days. The resistance price is defined by the Price - $0.01 at the time of the signal).

Stocks matching the 'Barbarian at the Gate' criteria are worthwhile stocks to watch for a variety of factors including historical back testing and volatility. Trade-Ideas targets these opportunities because the stock is exhibiting an unusual behavior while displaying positive price action. In this case, the stock crossed an important inflection point; namely, 'resistance' while at the same time the range of the stock's movement in price is more than twice its normal size. This large range foreshadows a possible continuation as the stock moves higher.

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More details on MCP:

Molycorp, Inc. produces and sells rare earth and rare metal materials in the United States and internationally. Currently there is 1 analyst that rates Molycorp a buy, no analysts rate it a sell, and 6 rate it a hold.

The average volume for Molycorp has been 7.0 million shares per day over the past 30 days. Molycorp has a market cap of $1.2 billion and is part of the basic materials sector and metals & mining industry. The stock has a beta of 3.12 and a short float of 46% with 12.32 days to cover. Shares are down 49% year-to-date as of the close of trading on Thursday.