MCP - 6 month chart

Molycorp, Inc. (MCP) continues to be in every traders arsenal as it has seen a lot of technical action in the last 6 months.  MCP has been stuck in a bear trap 4 of the past 5 months as it's bear trend was finally technically broken on 26-November-2012 at $8.68.  

For the last month, MCP has seen a nice dead cat bounce off a bearish reversal with a nice Trend Line from $6.00 to $10.20.  A break below it's current trend line would signal a potential retest of $6.00 so buyer's here should have a tight stop.  

MCP has major resistance at $11.05 (ie. Tier 1.)  If MCP were to close above $11.05, the next major resistance would be $16.07 which would complete a gap that it has needed to fill since 2-August-2012.  

Currently, the basic materials sector and other industry related companies have seen recent significant pressure as fiscal cliff looms.  While most major stocks continue to rise in anticipation of a resolution, there is still a lot of 'lack of' confidence in the commodity space despite the fact that more money printing would be part of the resolution which would in effect would expand the money supply.

SBX - 6 month chart

A Chartcoach watcher requested SeaBright Holdings, Inc. (SBX).  SBX has been a dead trade since gapping up on 28-August-2012.  SBX still has a long ways down to fill the gap at $8.27 which was the previous close before the move up.

NSR - 6 month

NeuStar, Inc. (NSR) has been very bullish since hitting a low of $30.08 back in June.  With a trend line that was retested on 1-Nov-2012 at $37.47, it continues to be very bullish.  Yesterday, 11-December-2012, it managed to break resistance and set an all-time high of $42.62 before closing at $41.97.  The stock did not disappoint today either as it set another all-time high of $43.29 before closing down at $42.34.  With a market cap of 2.81B and an EPS of 1.98, the stock may have a lot more room to run.  

FCX - 6 month chart

Freeport-McMoRan Copper & Gold Inc. (FCX) had serious technical damage today as it closed down 15.99% to finish the day off $6.12 points.  If we take a look at the previous 6 months, because the stock was up 35.71% from low to high, the charts may have warranted such a correction.  The first sign of danger was on 23-October-2012 when the stock closed at $38.98 when it broke it's trend line that begun on 25-July-2012.  Since breaking it's trend line, FCX came very near to retesting it's Tier 1 support line on 16-November-2012.  And much like it's retest of support line, today it came very close to it's Tier 2 Support line at $31.43.  Although FCX has some major repair coming it's way, FCX should be able to close the gap back to $38,28 especially under oversold conditions.