Stock Picks and Trade Ideas for Friday, July 8

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FiberTower Corporation FTWR - 50-day SMA acting as support for now. Recent high was $1.85. Worth watching. Strong volume  pattern.

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Bravo Brio Restaurant Group, Inc. BBRG - Looking good for $25.16 breakout.

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Macy's, Inc. M broke out today on nice volume. For those who did not have a chance to buy the stock, any pull back is your buying opportunity.

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XenoPort, Inc. XNPT looks like is close to attempting another breakout.  This strength is confirmed by price movement as well as two momentum indicators, MACD and RSI. he stock is also slowly under accumulation based on the OBV indicator. I think the market is waiting for fresh news to define the trend, however if the stock breaks above $7.75 ( red line ) , then that is a bullish sign as higher prices. Piper Jaffray believes XenoPort's Horizant for treating restless leg syndrome is gaining traction and that the company's pipeline is being underappreciated. Piper Jaffray see signficant upside potential in shares and reiterates an Overweight rating with a $14 price target.

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Rambus Inc. RMBS is showing a bear flag setup with declining volume....easily visible. A break below $14.14 should kick in the sell programs. Stay tuned...

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Other stocks to watch :

New 52-week High stocks
HAL - HALLIBURTON CO HLDG CO
ACN - Accenture Plc
DELL - Dell Inc
M - FEDERATED DEPARTMENT
V - VISA Inc
KFT - KRAFT FOODS INC
JNJ - JOHNSON & JOHNSON
CSX - C S X CORP
CBS - CBS Cl B
UNH - UNITEDHEALTH GROUP INC
CAG - CONAGRA INC
DFS - Discover Financial
MCD - MCDONALDS CORP
SOLR - GT Solar International
KO - COCA COLA CO
AXP - AMERICAN EXPRESS CO
KR - KROGER CO
DTV - Directv A
BAX - BAXTER INTERNATIONAL
COH - Coach Inc
VIA.B - Viacom Inc Class B
UTX - UNITED TECHNOLOGIES
LYV - Live Nation Entn
KEG - Key Energy Services
JCI - JOHNSON CONTROLS INC
JWN - NORDSTROM INC
TJX - TJX COMPANIES INC
XLNX - Xilinx, Inc.
WNR - WESTERN REFINING INC
NFLX - Netflix, Inc.
NKE - NIKE INC CL B
BEBE - bebe stores, inc.
ERTS - Electronic Arts Inc.
EXPE - EXPEDIA INC
HOG - HARLEY DAVIDSON INC
DDS - DILLARDS INC CL A
PLCM - Polycom, Inc.
AMZN - Amazon.com, Inc.
VMW - VMWARE INC CLASS A
SWN - SOUTHWESTERN ENERGY CO
TIF - TIFFANY AND CO
SODA - SodaStream International
FAST - Fastenal Company
VHC - PASW Inc.
CHS - Chicos FAS Inc
ITW - ILLINOIS TOOL WORKS
FDX - FedEx Corporation
UNP - UNION PACIFIC CORP
SVVS - Savvis Cp
CROX - CROCS INC
CNP - CenterPoint Energy Inc
CVI - CVR Energy Inc
CPX - COMPLETE PRODUCTION
GMCR - Green Mountain Coffee
CAH - CARDINAL HEALTH INC
AVGO - Avago Technologies
HOTT - Hot Topic, Inc.
LULU - lululemon athletical
CRM - SALESFORCE.COM INC
FTNT - Fortinet Inc
IDX - MARKET VECTORS INDON
MA - MASTERCARD INCORPORATION
D - DOMINION RESOURCES
HRL - HORMEL FOODS CORP
TIBX - TIBCO Software, Inc.
DRI - DARDEN RESTAURANTS INC
DISH - Dish Network A
AN - AUTONATION INC
EGHT - 8X8 Inc
BEE - STRATEGIC HOTEL CAP
TIN - TEMPLE INLAND INC
JVA - COFFEE HOLDING CO INC
CI - C I G N A CORP
WYNN - Wynn Resorts LTD
BBBY - Bed Bath & Beyond Inc.
NSC - NORFOLK SOUTHERN CORP
CNC - Centene Corporation
CE - CELANESE CORPORATION
SUG - SOUTHERN UNION CO
GXP - Great Plains Energy
EAT - BRINKER INTL INC
WYN - Wyndham Worldwide WI
CHKP - Check Point Software
SAPE - Sapient Corporation
WCG - WELLCARE HEALTH

Earnings Announcements for Friday

B&H Ocean Carriers Ltd - BHO
China Technology Development Group Corp - CTDC
Emerson Radio Corp - MSN
Griffin Land & Nurseries Inc - GRIF
Life Partners Holdings Inc - LPHI
Miller Energy Resources Inc - MILL
NASB Financial Inc - NASB
National American University Holdings Incorporated - NAUH
PriceSmart Inc - PSMT
Providence And Worcester Railroad Co - PWX
Pure Cycle Corp - PCYO
Simulations Plus Inc - SLP
The Greenbrier Companies Inc - GBX
United Bancshares Inc - UBOH

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
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