Pre-market Materials Sector Picks -- Research on Molycorp, Turquoise Hill Resources, Vale, and Walter Energy - KSLA News 12 Shreveport, Louisiana News Weather & Sports

Pre-market Materials Sector Picks -- Research on Molycorp, Turquoise Hill Resources, Vale, and Walter Energy

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LONDON, June 27, 2014 /PRNewswire/ --

The US markets on Thursday, June 26, 2014 ended on a negative note as the Dow Jones Industrial Average finished at 16,846.13, down 0.13% and the NASDAQ Composite closed at 4,379.05, down 0.02%. The S&P 500 finished the session 0.12% lower at 1,957.22. During the trading session, six out of ten sectors finished on a lower note. The S&P 500 Materials Sector Index ended the day at 313.23, down 0.17%, whereas the index has advanced 6.40% in the previous three months. Investor-Edge has initiated coverage on the following equities: Molycorp Inc. (NYSE: MCP), Turquoise Hill Resources Ltd (NYSE: TRQ), Vale S.A. (NYSE: VALE) and Walter Energy Inc. (NYSE: WLT). Free technical research on MCP, TRQ, VALE and WLT can be downloaded upon signing up at:

http://www.investor-edge.com/4284-register

On Thursday, shares in Molycorp Inc. recorded a trading volume of 3.34 million shares, lower than its three months average volume of 4.94 million shares. The stock ended the day at $2.52, which was 1.56% below its previous day's closing of $2.56, and registered an intraday range of $2.49 and $2.66. Although Molycorp Inc.'s stock has declined 7.69% in the previous three trading sessions, 11.58% in the last one month, and 55.16% on YTD basis. The company's stock is trading below its 50-day and 200-day moving averages of $3.45 and $4.88, respectively. Furthermore, Molycorp Inc.'s stock has a Relative Strength Index (RSI) of 33.61. Sign up today to read free research on MCP at:

http://www.investor-edge.com/4284-MCP-27Jun2014.pdf

Shares in Turquoise Hill Resources Ltd finished the Thursday's session 5.28% lower at $3.23. A total of 10.19 million shares were traded, which was much above its three months average volume of 3.58 million shares. The stock vacillated between $3.20 and $3.45 during the session. Over the last one month and over the previous three months, Turquoise Hill Resources Ltd's shares have lost 16.10% and 5.28%, respectively. Additionally, from the beginning of 2014, the company's stock has fallen by 2.12%. The company's shares are trading below their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $3.78 is greater than its 200-day moving average of $3.55. Shares of Turquoise Hill Resources Ltd have an RSI of 33.41. Sign up today to read free research on TRQ at:

http://www.investor-edge.com/4284-TRQ-27Jun2014.pdf

On Thursday, Vale S.A.'s stock fluctuated between $13.23 and $13.49 before ending the session 2.99% higher at $13.44. The stock reported a trading volume of 18.57 million shares, close to its three months average volume of 18.95 million shares. Vale S.A.'s shares have advanced 2.13% in the previous three trading sessions and 1.97% in the last one month, while the stock has lost 11.87% on YTD basis. The stock is trading above its 50-day moving average of $13.27, while the 50-day moving average is below its 200-day moving average of $14.41. Moreover, Vale S.A.'s stock has an RSI of 50.06. Sign up today to read free research on VALE at:

http://www.investor-edge.com/4284-VALE-27Jun2014.pdf

Walter Energy Inc.'s stock rallied 6.26%, to close the day at $5.77. The stock recorded a trading volume of 4.60 million shares, below its three months average volume of 5.13 million shares. The company shares oscillated between $5.45 and $5.88 during the session. Over the last one month, Walter Energy Inc.'s shares have advanced 1.41%. However, the stock has declined 21.92% in the previous three months and 65.30% since the start of this year. The stock is trading below its 50-day and 200-day moving averages of $6.09 and $11.35, respectively. Additionally, Walter Energy Inc.'s stock has an RSI of 49.07. Sign up today to read free research on WLT at:

http://www.investor-edge.com/4284-WLT-27Jun2014.pdf


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EDITOR'S NOTES:
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