The 4 Best Trades to Make Today

Here are the best trades to make this morning…

This story was originally published here.

Stocks continue to creep higher, as investors delve through a growing list of news items and potential headwinds. Let’s look at a few top stock trades for Wednesday.

Top Trade No. 1: Chewy (CHWY)

Chewy (NYSE:CHWY) is keeping the e-commerce theme alive and well.

After rallying up to the $45 to $46 area in April and dipping, shares have been trading in a sideways consolidation pattern. However, former resistance at $38 held as support, as did the 50-day moving average.

Now we’re seeing a move through $36, a clear breakout for the stock. Shares now look earmarked for $50 and possibly higher.

The first extension — the 123.6% — comes in to play just below $54.

Editor's Note: Click here for the rest of the story.

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