6 Hot Penny Stocks to Watch For the Week of June 4-8

There is an art to picking hot penny stocks to buy. While not many penny stock traders ever managed to make it to accountancy school, we do our best to point out the simple methods like bullish RSI and MACD indicators. These six hot penny stocks would be a great way to start the week off as they each are trending towards an RSI of 70 and almost all are in extremely bullish rallies at present: Check out:

• Microvision Inc. (Nasdaq: MVIS)
• U.S. Precious Metals, Inc. (OTC: USPR)
• Dynegy Inc. (NYSE: DYN)
• Nevsun Resources Ltd. (NYSE MKT: NSU)
• Aurcana Corp. (OTC: AUNFF)
• Celsion Corp. (Nasdaq: CLSN)

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• Microvision Inc. (Nasdaq: MVIS)

MVIS stock price is currently $2.99 after closing up 12.83% on volume of 4,919,016 shares in the last trading session. MVIS is set to open Monday at 61.85% above its 50 day moving average, 2.92% above its 200 day moving average, -72.92% below its 52 week high of $11.04, and 169.37% above its 52 week low of $1.11.

The RSI(15) on MVIS is currently at 65.49. In the last trading session, MVIS stock traded between  $3.44 and $2.380, a huge middle for day trading. MicroVision, Inc. engages in the development of miniature laser display and imaging engines based upon its proprietary PicoP display engine technology.

• U.S. Precious Metals, Inc. (OTC: USPR)

USPR stock price is currently $0.18 after closing up 9.09% on volume of 322,850 shares in the last trading session. USPR is set to open Monday at 32.76% above its 50 day moving average, -10.56% below its 200 day moving average, -64.00% below its 52 week high of $0.50, and 260.00% above its 52 week low of $0.05.

The RSI(15) on USPR  is currently at 62.09. In the last trading session, USPR stock traded between  $0.18 and $0.16.  U.S. Precious Metals, Inc., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Mexico. The company focuses on gold, silver, and copper deposits.

• Dynegy Inc. (NYSE: DYN)

DYN stock price is currently $0.535 after closing up 11.46% on volume of 3,013,023 shares in the last trading session. DYN is set to open Monday at 31.62% above its 50 day moving average, -63.24% below its 200 day moving average, -92.27% below its 52 week high of $6.92, and 78.33% above its 52 week low of $0.30.

The RSI(15) on DYN  is currently at 61.87. In the last trading session, DYN stock traded between $0.46 and $0.55. Dynergy received approval from the courts Friday approving their agreement with creditors furthering their Chapter 11 bankruptcy proceedings.   Dynegy Inc., through its subsidiaries, engages in the production and sale of electric energy, capacity, and ancillary services in the U. S.

• Nevsun Resources Ltd. (NYSE MKT: NSU)

NSU stock price is currently $3.70 after closing up 4.23% on volume of 1,027,254 shares in the last trading session. NSU is set to open Monday at 10.27% above its 50 day moving average, -18.26% below its 200 day moving average, -49.32% below its 52 week high of $7.30, and 38.06% above its 52 week low of $2.68.

The RSI(15) on NSU  is currently at 60.35. In the last trading session, NSU stock traded between $3.43 and $3.81. Nevsun Resources Ltd., a gold and base metal developer, together with its subsidiaries, engages in the exploration, development, extraction, processing, and reclamation of mineral properties in Africa.

• Aurcana Corp. (OTC: AUNFF)

AUNFF stock price is currently $0.929 after closing up 4.62% on volume of 200,836 shares in the last trading session. AUNFF is set to open Monday at 4.66% above its 50 day moving average, 12.26% above its 200 day moving average, -13.98% below its 52 week high of $1.08, and 82.16% above its 52 week low of $0.51.

The RSI(15) on AUNFF is currently at 55.83. In the last trading session, AUNFF stock traded between $0.85 and $0.94. Aurcana Corporation, a junior mining company, engages in the exploration, development, and operation of natural resource properties in Mexico and the U. S.

• Celsion Corp. (Nasdaq: CLSN)

CLSN stock price is currently $1.92 after closing up 0.52% on volume of 179,979 shares in the last trading session. CLSN is set to open Monday at -0.37% below its 50 day moving average, -2.45% below its 200 day moving average, -56.06% below its 52 week high of $4.37, and 17.79% above its 52 week low of $1.63.

The RSI(15) on CLSN is currently at 50.23. In the last trading session, CLSN stock traded between $1.88 and $1.95. Celsion Corp., an oncology drug development company, engages in the development and commercialization of targeted chemotherapeutic oncology drugs based on its proprietary heat-activated liposomal technology.

Bottom Line: These penny stocks have bullish trends and all have strong momentum behind them to start the week. Keep a look out for volume spikes and news on CLSN since it offers the most upside of the six from a technical point of view.

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