Molycorp (MCP) Ready To Move Higher

Looking at the chart below you can see the nice consolidation pattern triangle that MCP has formed since early January.  Yesterday the rare earth stocks had a huge run and MCP rallied around 17% on the day and right through the 50 day moving average and out of the consolidation pattern.  I am happy to go long here at the open with 1st target at 55, followed by second taret near 63, wich was the high in January.  Stops can be placed at 44.

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