4 Top Stock Trades for Friday

Here are the top stock trades for Friday…

This story was originally published here.

Here’s a look at a few top stock trades now.

Top Stock Trades for Friday No. 1: Amazon (AMZN)

Amazon (NASDAQ:AMZN) has been trading very bullishly over the past few weeks. The company continues to realize positive developments, and that hasn’t slipped past investors.

Shares hit new all-time highs this month and trade near them just ahead of earnings — not unlike Netflix (NASDAQ:NFLX). The question is, will it follow Netflix’s path and trade lower after it reports on Thursday after the close?

In order for the good times to last, AMZN must clear $2,450 and close above this mark. More impressive would be a move north of $2,500 though.

On the downside, a break of uptrend support (blue line) would be discouraging. However, losing the $2,300 mark would be a more bearish development. As long as Amazon stays above its 20-day moving average though, it’s hard to get too bearish. Below puts the ~$2,200 breakout level on watch.

Editor's Note: To see the rest of the trades, click here.

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