US hot stocks for next week - Nanometrics Incorporated, Melco Crown Entertainment Limit, MetroPCS Communications Inc and Cell Therapeutics

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NANO is a very volatile stock, but can be a very lucrative one if traded correctly. The stock hit 52-week highs of $13.34 on November 17th, but it was extremely volatile that day as well. With no news on the tape in recent days, the stock has lost some momentum, falling from a November 17th close of $13.34 to a close of $10,90 on Friday. The stock looks like it might have found support at its 10 day MA. I'm buyer of NANO once it breaks $11.50 which was Thursday’s high of the day. If the stock can break resistance, we could see the start of a new upside trend that works back towards highs. Due to the higher price, I recommend cutting your share size if you are not comfortable with the volatility in this trade.

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CLF - The stock is facing a period of sideways action while it consolidates the gains booked in the past weeks. The stock will face short to medium term resistance at $1.135. Once this level is crossed with good volumes, the stock can go to $1.255.

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PCS had heavy volume come into the stock on Friday, as it closed up $.40 on 2.5x normal daily volume. The heavy buying makes this an interesting situation and one worth watching on Monday. From a technical standpoint, the stock is starting to show signs of acumulation with high volume on upside days and low on dowside days. The technical chart shows the stock is in a short term bull market rally with MACD on top of signal line and K line on top of D line. This momentum could push this stock much higher from here. Next resistance is now seen at $7.64.

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MPEL looks to have made a bottom and is trying for a reversal. The technical chart above suggests that stock might find now resistance at $4.55. Only a close above this level would suggest further upside. Remain invested with a stop loss at $4.15.

Other Stocks to watch - ( Pattern is Bullish Engulfing )

Q - QWEST COMM INTL INC
BMY - BRISTOL MYERS SQUIB
PCS - MetroPcs Communications
RIMM - Research in Motion
MCD - MCDONALDS CORP
DUK - DUKE ENERGY CORP
PARD - NeoRx Corporation
SLE - SARA LEE CORP
LDK - LDK Solar Co Ltd 8.00
AKS - A K STEEL HOLDING CORP
MPEL - Melco Crown Adr
ALL - ALLSTATE CORP
EXC - EXELON CORPORATION
BA - BOEING CO
IPG - INTERPUBLIC GRP OF COS
XLV - Select Sector SPDR
HCP - HCP Inc
TMO - Thermo Fisher Scien
TQNT - TriQuint Semiconductor
ACAS - American Cap Ltd
NSC - NORFOLK SOUTHERN CORP
DF - DEAN FOODS INC
YUM - TRICON GLOBAL REST INC
CLF - CLEVELAND CLIFFS INC
RTN - RAYTHEON CO NEW
BIIB - IDEC Pharmaceutical
BBBY - Bed Bath & Beyond Inc.
MWA - Mueller Water Produ
DRAM - Dataram Corporation
URI - UNITED RENTALS INC
LO - Lorillard Inc
ISIS - Isis Pharmaceutical
SNH - SENIOR HOUSING PROP
QTWW - Quantum Fuel System
NU - NORTHEAST UTILITIES
WEC - WISCONSIN ENERGY CORP
CMC - COMMERCIAL METALS CO
CNOA - Industrial Electric
PFCB - P.F.Chang's China B
TMX - TELEFONOS DE MEXICO
SCHN - Schnitzer Steel Ind
GNA - GERDAU AMERISTEEL CP
TECD - Tech Data Corporation
PPH - Pharmceutical Hldrs
DVA - DaVita Inc
SVR - SYNIVERSE HOLDINGS INC
SEE - SEALED AIR CORP NEW
PKG - PACKAGING CORP OF A
RWT - REDWOOD TRUST INC
VPHM - ViroPharma Incorpor
MTZ - MASTEC INC
APWR - A-Power Energy Gene
SIGA - SIGA Technologies Inc.
MOO - Mk Vector Agribs
OLN - OLIN CORP
AZO - AUTOZONE INC NEVADA
TSTC - Milestone Capital Inc
ONB - OLD NATIONAL BANCOR
CMO - CAPSTEAD MORTGAGE CORP
CXM - ARIES VENTURES INC
NPBC - National Penn Bancs
BPZ - BPZ Resources
RMTR - Ramtron International
BVF - BIOVAIL CORPORATION
IDCC - Interdigital Communications
ROC - ROCKWOOD HOLDINGS INC
LNCR - Lincare Holdings Inc.
SONE - S1 Corporation
ACOR - ACORDA THERAPEUTICS
PNK - PINNACLE ENTERTAINMENT
SIGM - Sigma Designs, Inc.
BGP - BORDERS GROUP INC MICH
LIHR - Lihir Gold, Limited
FNB - F.N.B. Corporation
UCBI - United Community Ba
OGE - O G E ENERGY CORP
CHT - CHUNGHWA TELCOMM
NABI - Nabi
CML - Compellent Technologies
BMO - BANK OF MONTREAL
WATG - MGCC INVESTMENT STR
MICC - Millicom International
POL - PolyOne Corp
TNDM - Neutral Tandem Inc
MATK - Martek Biosciences
PRE - PARTNER RE LTD
VLY - VALLEY NATIONAL BAN
SMOD - SMART MODULAR TEC
HAIN - The Hain Celestial
CVD - COVANCE INC
ATK - ALLIANT TECHSYSTEMS
CASY - Casey's General Sto
HGT - HUGOTON ROYALTY TRUST
GY - GENCORP INC
HME - Home Properties Inc
DLB - DOLBY LABORATORIES INC
HGG - HHGregg Inc
ALJ - ALON USA ENERGY INC

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all Folks. Have a nice weekend !!!
Cheers!

AC

Labels: CTIC, MPEL, NANO, PCS