PPR (Pocket Pivot Review) - REE, MCP

Published : October 18 2010 at 11:01 ET

Two rare earth metals stocks are worth a mention. Rare earth metals have a wide variety of uses in energy technologies. Rare earths play a role in the reduction of carbon emissions as well as act as a source for renewable energies.

REE (Rare Element Resources) is staging a pocket pivot today. This is a volatile name with 99+ RS so might exceed the risk tolerance levels of some investors.


MCP (Molycorp) may have a pocket pivot later today if its volume exceeds 2.753 million shares. It is currently about half way there 90 minutes into the trading day.


Note, neither stock has earnings at this time, and sales are minimal. They are being recommended on very strong price action as well as the fundamental story behind rare earth metals.



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