Shares of Molycorp Are Up on Strong Volume (MCP)
Shares of Molycorp are trading today in above average volume, with the share price rising 13.4% to $7.55. Today's volume of 8.8 million shares tops the average 30-day volume of 5.4 million shares. Spikes in volume can validate a breakout or signify a potential turning point.
SmarTrend is monitoring the recent change of momentum in Molycorp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Molycorp in search of a potential trend change.
Over the past year, Molycorp has traded in a range of $4.70 to $11.89 and is now at $7.25, 54% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 0.4%.
Keywords: unusual volume molycorp