Molycorp Inc. (MCP) - Molycorp, Inc. is the only REO producer in the Western Hemisphere and currently produces more than 3,000 metric tons of commercial rare earth materials per year. In addition to its rare earth mine and processing facility at Mountain Pass, California, Molycorp also owns a controlling interest in the Estonia-based Molycorp Silmet AS, which has a production capacity of 3,000 metric tons of rare earth products and 700 metric tons of rare metal products annually and is one of the largest rare metal and rare earth metal producers in Europe.. Molcorp was flat on Wednesday after a downgrade. MCP has some nice support located in the $67′s. Molycorp will have resistance at $75. MCP is now a short on a break below $67.70 for a trade.
Hyperdynamics Corporation (HDY) – Hyperdynamics is an emerging independent oil and gas exploration and production company that is exploring for oil and gas offshore the Republic of Guinea in West Africa. It recently went from $3.94 to $4.57 which is a big move and now we are seeing some profit taking. HDY is a buy below $5.00 for the long term. At some point this year, I am expecting HDY to come alive again.
Paramount Gold and Silver Corp. (PZG) – Paramount Gold and Silver Corp. (PZG) is my Top Gold Stock for 2011. PZG had a huge rally over the past two trading sessions and is seeing some profit taking. PZG will have resistance located at $3.50. PZG is now a strong buy below $3.00 if we ever see another pullback again.
Kodiak Oil & Gas Corp. (KOG) – Kodiak Oil and Gas (KOG) has a lease position in the Bakken of 112000 gross or 70000 net acres. Kodiak has approximately 320 net Bakken / Three Forks locations. Kodiak Oil & Gas Corp. (KOG) is one of the up and coming companies in the Bakken Shale. KOG hit $7.00 on Wednesday and then bounced. KOG is a strong buy below $6.00 for the long term.
Tri-Valley Corp. (TIV) - Tri-Valley Corporation explores, acquires, develops and produces petroleum and mineral properties and interests. The Corporation also explores for precious metals in Alaska. Tri-Valley Corporation (TIV) is back to $0.70. TIV will now have support located at $0.67.
Dryships Inc. (DRYS) - Dryships Inc. (DRYS) continues to trade below $5.00. The next major resistance level for Dryships is located at $5.20. Drys has support at $4.48. Direxion Daily Financial Bear 3X Shares (FAZ)- Daily Finan. Bull 3X Shs(ETF)(FAS) – Daily Finan. Bull 3X Shs(ETF)(FAS) is back above $29. FAS will have support located at $27 and resistance located at $32. FAS is a strong buy below $29 per share. I would be avoiding Direxion Daily Financial Bear 3X Shares (FAZ) right now.
Research In Motion Ltd. (RIMM) - Research in Motion Ltd (RIMM) is back trading above $55. Research in Motion (RIMM) has support at $52 now. Research in Motion will have resistance on the upside located at $56. RIMM is a strong buy below $55.
Cisco Systems, Inc. (CSCO) - Cisco Systems, Inc. (CSCO) pulled back on Wednesday. CSCO will have resistance up at $17.66 which is the 50 day moving average. Cisco Systems will now have support at $15. Cisco Systems is a strong buy below $19 for the long term. This stock will eventually come back with some patience.
Samson Oil & Gas Limited (SSN) - SSN continues to trade flat. SSN will now have resistance located at $3.65. Pullbacks below $3.00 continue to be a buy for a trade.
American International Group, Inc. (AIG) - American International Group, Inc. (AIG) is trading around $31. AIG will now have resistance at $32.50. AIG has support located at $30.
Sirius XM Radio (SIRI) - Sirius XM Radio (SIRI) failed to break $2.00 on Wednesday. Sirius XM Radio will now have support at $1.70. Sirius XM Radio is a strong buy on pullbacks below $1.50. SIRI will now have resistance located at $2.00.
Las Vegas Sands Corp. (LVS) - Las Vegas Sands Corp. (LVS) broke back below $46 on Wednesday. Las Vegas Sands Corp will have resistance located at $46.60. Las Vegas Sands (LVS) continues to be a buy below $38.
Few more Stocks We are Watching Right Now - Daily Finan. Bull 3X Shs(ETF)(FAS), Bank of America Corp. (BAC), Netflix, Inc. (NFLX), Potash Corp. of Saskatchewan, Inc. (POT), American Intl Group, Inc. (AIG), Direxion Daily Financial Bear 3X Shares (FAZ), Baidu, Inc. (BIDU), Dendreon Corp. (DNDN), Goldman Sachs Group Inc. (GS),Advanced Micro Devices Inc. (AMD), Dryships Inc. (DRYS), Research In Motion Ltd. (RIMM), SIRIUS XM Radio Inc. (SIRI), Micron Technology, Inc. (MU) and Apple Inc. (AAPL)
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