4 Top Stock Trades for Monday

After this week’s dips, these are the trades to make on Monday…

This story was originally published here.

The market opened with a dip on Friday, but bulls were quick to bid it back up. That said, let’s have a look at a few top stock trades.

Top Stock Trades for Monday No. 1: Bed Bath & Beyond (BBBY)

You remember our good friend Bed Bath & Beyond (NASDAQ:BBBY), right? This one has been flagged multiple times, in a newsletter and even selected as a stock of the year candidate.

Well, BBBY stock just keeps on going, as its short interest has fueled a strong move to the upside.

Earlier this year, shares shook off a disappointing earnings reaction after breaking out over resistance. The rise has been impressive since, as shares powered through the prior 2020 highs near $26.

Now hitting the 161.8% extension of the recent range (within a penny!), BBBY stock is backing off a bit. From here, I want to see $25 to $26 act as support. Over Friday’s high, and a run toward $40 is possible. Story continues here.

Sponsored:

Guess Who's Going Bankrupt

If you thought the store closures and bankruptcies in 2020 were surprising… you haven't seen anything yet.

Something much bigger is just around the corner.

Few Americans even know that any of this is happening…

Those who do know don't have a clue what to do about it, or how to prepare for what's next.

If you're worried about this situation and its implications for American society, I strongly urge you to listen to this message.

Which dominoes are the next to fall and what can you do to prepare?

Click here to see the full story.

Sincerely,

Signed:
Louis Navellier
Senior Quantitative Analyst, InvestorPlace