MCLN: Shares of MedClean Technologies took the opportunity on Friday to demonstrate that the impressive opening to 2011 is still in effect as the stock closed 18% higher on pretty decent volume.
The only news put out by the company thus far this year came with an announcement of a successful distributorship meeting, but it's expected that the company is due to announce some earnings numbers in the near future.
The significant volatility in the 2011 price action started with an impressive January run, was followed by a steep decline before bouncing back to the current levels.
MedClean has a service that makes it an attractive long term play as well as a short term trade, but until valid news is issued that would justify sustained higher prices, it's well worth using a handful of trading shares to take advantage of the volatile action.
Friday's close, however, makes MedClean one to watch for this week.
It's rare when a stock gives you the opportunity to buy and sell, then buy and sell again for significant gains in such a short period of time.
Keep it on the radar.
Disclosure: Long MCLN.
From VFC's News, Notes & Weekly Stock Watch at VFC's NEW Stock House.