4 Top Stock Trades for Monday: FSLY, BA, JPM, C

Stocks churned higher for most of Friday's session, setting the stage for the start of earnings season next week. With that in mind, let's look at a few top stock trades for Monday. Top Stock Trades for Monday No. 1: Fastly (FSLY) Click to EnlargeSource: Chart courtesy of StockCharts.comFastly (NYSE:FSLY) stock has been absolutely incredible, rallying from $10.63 at the March low to more than $100 this week. On the way up, we outlined a couple of key levels, including $75 and $84. These are the 261.8% and the three-times range extensions from the prior range. I also flagged the 361.8% level and the $100 mark as a potential upside target. InvestorPlace – Stock Market News, Stock Advice & Trading TipsAfter briefly exceeding these marks, however, shares seem to be cooling off a bit.Now we need to see where support comes into play. Start with the 10-day moving average near $88. Below that puts the 20-day moving average in play, followed by the extensions we highlighted in the chart at $84 and $75. * The 7 Best Stocks to Invest in Right Now Above $100, though, and the $102.95 high is in play. Top Stock Trades for Monday No. 2: Boeing (BA) Click to EnlargeSource: Chart courtesy of StockCharts.comBoeing (NYSE:BA) made a nice reversal higher on Friday, as it continues to hold the $168 to $170 area as support. The problem is, however, that downtrend resistance (blue line) and the 20-day moving average continue to squeeze the stock lower. This has the look of a descending triangle, a bearish technical signal. That said, watch $168. Below this mark puts the 50-day moving average in play. If that fails, it could put $150 in play, which is the 23.6% retracement. For bulls to gain any sort of meaningful momentum, the stock must close over the 20-day moving average currently near $184. Top Stock Trades for Monday No. 3: JPMorgan (JPM) Click to EnlargeSource: Chart courtesy of StockCharts.comJPMorgan (NYSE:JPM) and other bank stocks are making a powerful move higher on Friday and ahead earnings next week. The company will report on Tuesday, along with Citigroup (NYSE:C). The 23.6% retracement held as solid support for the last few weeks. So with JPMorgan's rally, the stock is reclaiming the 20-day and 50-day moving averages, as well as clearing downtrend resistance. Now bulls need to see if shares can clear the 38.2% retracement and reclaim $100. Above that puts $110 to $112 in play, along with the 200-day moving average. * 7 Earnings Reports to Watch Next Week Below uptrend support, though, and JPMorgan could see more downside. Top Stock Trades for Monday No. 4: Citigroup (C) Click to EnlargeSource: Chart courtesy of StockCharts.comLike JPMorgan, Citigroup is prepping for earnings. The stock did a great job holding $50 support and is bouncing off the 50-day moving average. It's also reclaiming downtrend resistance and the 20-day moving average. From here, I want to see shares clear the 50% retracement at $56.68, putting $60 to $62 in play. There it will find the 61.8% retracement and 200-day moving average. Below this month's low at $49.03, however, and Citigroup could take a tumble. In that event, it put the 23.6% retracement in play at $43.47.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post 4 Top Stock Trades for Monday: FSLY, BA, JPM, C appeared first on InvestorPlace.

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