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

Traders Blog | Sunday 22 November 2009
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AC Investor

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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

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