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Shares of Molycorp Are Up on Strong Volume (MCP)

Written on Fri, 01/25/2013 - 11:53am
By Shiri Gupta

Shares of Molycorp are trading up 2.0% to $7.21 today on above average volume. Approximately 24.7 million shares have changed hands today vs. average 30-day volume of 10.8 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.

In the past 52 weeks, Molycorp share prices have been bracketed by a low of $5.75 and a high of $35.79 and are now at $7.08, 23% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 2.5%.

Keywords: unusual volume molycorp

Ticker(s): MCP

Contact Shiri Gupta



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