Stock Picks For Monday: Nanometrics, Melco Crown Entertainment, MetroPCS Communications And Cell Therapeutics

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Nanometrics (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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Cell Therapeutics (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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MetroPCS (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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Melco Crown Entertainment (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.

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