Molycorp (MCP) Shares Cross Below 200 DMA

In trading on Tuesday, shares of Molycorp Inc. ( MCP) crossed below their 200 day moving average of $6.69, changing hands as low as $5.69 per share. Molycorp Inc. shares are currently trading off about 16.9% on the day. The chart below shows the one year performance of MCP shares, versus its 200 day moving average:

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Molycorp Inc.  200 Day Moving Average Chart

Looking at the chart above, MCP's low point in its 52 week range is $4.70 per share, with $11.89 as the 52 week high point — that compares with a last trade of $5.85.

According to the ETF Finder at ETF Channel, MCP makes up 5.74% of the Rare Earth/Strategic Metals ETF ( REMX) which is trading lower by about 2.1% on the day Tuesday.
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