PPR - Rare Earth stocks MCP and REE Pocketing again

Published : December 13 2010 at 11:24 ET
We note pocket-pivot action in rare earth stocks MCP and REE today. MCP looks a little better given that it is higher in its pattern and volume is coming in better relative to the prior down-voluime days in the pattern. MCP received a permit to build a $531 million plant, which might be giving it added boost. REE is also reacting positively as its "younger cousin."

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