chart: top stock trades for SQ


© Source: Chart courtesy of StockCharts.com
top stock trades for SQ

Stocks got off to a hot start on Monday and didn’t slow down much throughout the session. With that in mind, let’s look at a few top stock trades for the rest of the week. 

Top Stock Trades for Tomorrow No. 1: Square (SQ)




chart: top stock trades for SQ


© Provided by InvestorPlace
top stock trades for SQ

Click to Enlarge

Look at how well Square (NYSE:SQ) stock traded from April through August. The 10-day moving average continued to guide the stock higher, as did uptrend support (blue line).

Shares faltered in early September, breaking below these trend marks. It’s worth noting that eventually this type of price action is bound to happen. A stock cannot rally forever.

Thankfully, the 50-day moving average stepped in as strong support, propping Square stock up until it was able to reclaim the 10-day moving average. On Monday, the stock was able to break out over its prior highs and the 261.8% extension.

If we are going back to a trending market, look for dips down to the 10-day moving average to be bought and for SQ stock to push higher. Specifically, let’s see if it can rally to the three-times range extension near $197 and tag $200.

Top Stock Trades for Tomorrow No. 2: Regeneron (REGN)




chart: top stock trades for REGN


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top stock trades for REGN

Click to Enlarge

Source: Chart courtesy of StockCharts.com

Regeneron (NASDAQ:REGN) shares ripped higher on Monday, ending the day up more than 7%. The rally was enough to send the stock over a few key levels.

Specifically, Regeneron stock was able to reclaim the key $575 level, downtrend resistance (blue line) and the 10-day and 50-day moving averages. What a move — but now it needs to hold.

If