This story was originally published here.
Wednesday’s action resulted in a sharp decline and that selling pressure followed through to Thursday morning. However, bulls bid the market up off the lows, as we are now just a few trading sessions away from closing the books on the second quarter. With all of that in mind, let’s look at a few top stock trades.
Top Stock Trades No. 1: Square (SQ)
Square (NYSE:SQ) tends to be a crowd favorite, and with its latest rally bulls are quite excited.
Shares continue to hold up over the $100 mark. Not only is this level psychologically important, but it’s where the 123.6% extension comes into play. If the stock can continue to hold this mark and consolidate, it increases the odds that higher prices could be on the way.
Specifically, the 138.2% extension is one possible upside target, currently at $108.23. Long-term investors may be looking for an eventual move to the 161.8% extension, up near $121.
If $100 fails as support, first look for a drop to the 20-day moving average. Below puts the $85 breakout zone in play.
Editor's Note: Click here to keep reading.
65 Ways You Can Make Extra Cash in This Crazy Environment
With the market crisis moving into our rearview mirror, folks are now looking for ways to get back to making money.
Neil George wants to show you how to get his new book that profiles 65 simple ways to earn large amounts of work-free income.
…extra cash that you can collect ON TOP of your Social Security check…
…without messing around with crappy jobs. (Pizza delivery driver? No way.)
These are PROVEN cash-gushing strategies… the kind typically used by the wealthy elite.
And the best part is…
Neil George has set aside copies of his book, Income for Life, and he’s willing to send you a hardback version today ABSOLUTELY FREE (just pay shipping). This may be the last time we offer this.
Here's just a sample of what you can find inside:
- Use what Neil calls the “FHA Loophole” to get the government to pay your mortgage — PLUS receive hundreds in extra cash on top.(Page 217)
- Collect $100s for pictures in old family photo albums! Believe it or not, there is an easy way to turn your old artwork/photographs into $100 bills (certain businesses are desperate). (Page 297)
- Get paid every time your favorite song gets played on the radio! This little-known website allows you to tap into royalty payments every time your favorite song is played on the radio. Some lucky folks collect thousands of dollars a year! (Page 307)
- Pocket upwards of $197 PER HOUR simply by taking a walk through the woods in the fall… or $137 while visiting your favorite beach in the summer… and many, many more!
This book is flying off the shelves and this may be the last run of copies we print.
So if you don't claim your copy of Income for Life today, we'll send it to the person behind you in line…