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

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


===============
EDITOR'S NOTES:
===============

1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.

2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.

3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.

4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.investor-edge.com.

5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.investor-edge.com.

6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.investor-edge.com for consideration.

COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE
Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED
Investor-Edge is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

Investor-Edge.com

SOURCE Investor-Edge

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED