4 Top Stock Trades for Monday: PTON, PFE, FSLY, SPAQ
By Editor - Sun Oct 18, 4:37 am
Stocks continued to slowly chop their way higher on Friday, in what ended up being a fairly sleepy session. Let’s look at a few top stock trades for Monday after this week’s bounce from the lows. Top Stock Trades for Tomorrow No. 1: Peloton (PTON) Click to EnlargeSource: Chart courtesy of StockCharts.com What is there to say about Peloton (NASDAQ:PTON) at this point? The thing has been absolutely red-hot and unable to slow its roll … or pedal. Or whatever. Given the run, I’m surprised the company hasn’t done a secondary offering. In any regard, this stock ripped higher into September, but when it corrected lower with the rest of the market, it found support near the $72.50 breakout mark. The dip was short-lived and shares soon broke out again, this time over the $95 to $100 zone.InvestorPlace – Stock Market News, Stock Advice & Trading Tips Since then, it’s been a steady trend higher. Look for a close below the 10-day moving average and uptrend support.