Molycorp (MCP) Coiling for a Move
March 02, 2011 at 10:28 AM EST
I haven’t traded the rare earth sector much this year as the group has quieted down somewhat and not presented compelling patterns. Rare earth is a very speculative play, but can provide great moves for active traders. Right now, group leader Molycorp, Inc. (MCP) is forming tight wedge consolidation that usually precedes a big move. [...]