Significant Price Movement Encountered In Shares Of (NYSE: MCP)

NYSE (NYSE: MCP): traded higher by 15.41% or $0.94/share to $7.04. In the past year, the shares have traded as low as $4.70 and as high as $20.29. On average, 7827930 shares of MCP exchange hands on a given day and today's volume is recorded at 13962194. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $6.6419 area.