Yesterday MCP jumped 5% with a high volume and all the analysts start talking BUYING
But most of their prediction are not working today.
"Traders should now look for long-biased trades in MCP as long as it’s trending above its 50-day at $5.76 and then once it sustains a move or close above $5.82 with volume that hits near or above 6.55 million shares. ..This stock will set up to re-test or possibly take out its next major overhead resistance levels at $6.55 to $6.61. Any high-volume move above those levels will then put $7.50 to $8 into range for shares of MCP.