Top Stock Picks for Next Week - Avis Budget Gr (NASDAQ:CAR)

( click to enlarge )

Facebook Inc FB The stock closed Friday slightly above the 50-day exponential moving average with a shooting star candle (correction is likely) on the daily. From a technical perspective, the technical indicators are beginning to look bullish. The MACD indicator is rising above its signal line, but remains in negative territory. The RSI crossed above the 50 mark and CMF still positive. Let's see what Monday brings.

( click to enlarge )

Research In Motion Ltd BBRY This technical chart looks bullish and definitely is confirming my bullish sentiment. The stock closed the week above all moving averages, indicating more buying ahead. Daily technical indicators also are turning bullish, which means a test of the recent top at 16.82 is a possibility. The MACD is rising above its signal line and about to enter positive territory. In additon, the RSI has moved above the 50 mark and ADX shows a bullish signal.

( click to enlarge )

Tellabs, Inc. TLAB looks to have bottomed. Closed above the 20EMA on high volume. Bullish MACD crossover and OBV is rising. The 50-day EMA sits at $2.06 and the 200-day EMA is at $2.26. A lot of room to go higher. This stock should be on your watchlist next week.

( click to enlarge )

FormFactor, Inc. FORM Good upside volume on the daily chart. Technical indicators turning bullish. Looks like it is getting ready for a breakout soon.

( click to enlarge )

Avis Budget Group Inc. CAR Starting to look strong again. Next buy area when clears the 29.73 level on heavy volume.

( click to enlarge )

PulteGroup, Inc. PHM Watch this one as it approaches this resistance area. All technical indicators are bullish. The MACD has crossed above its signal and reversed its falling trend. RSI is moving up and Slow stochastic has entered its overbought zone.

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

Thanks for visiting AC Investor Blog.

AC

Market News and Data brought to you by Benzinga APIs