This story was originally published here.
Friday had plenty of big movers for us to pick from. That said, let’s look at a few top stock trades for next week.
Top Stock Trades for Monday No. 1: Apple (AAPL)
All things considered, Friday’s performance wasn’t that bad. From here, though, Apple rests at an interesting spot.
Shares sit on steep uptrend support (blue line) with the 10-day moving average not far below, at $283. A move below opens the stock up to a decline to the $270 level. There AAPL will find its 50-day moving average and 50% retracement.
It would be encouraging to see this level act as support. If it doesn’t, however, the 200-day moving average may be the next stop.
On the upside, Apple needs to take out the $300 to $305 zone.
Editor's Note: To keep reading and see the rest of the trades, click here.
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