After a monstrous day on Monday, stocks took a breather on Tuesday, spending most of the day near flat. That doesn’t mean some of our top stock trades weren’t putting together big moves though. With all of that in mind, let’s have a look.
Top Stock Trades for Tomorrow No. 1: Beyond Meat (BYND)
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Beyond Meat (NASDAQ:BYND) was in focus today, rallying more than 10% until it ran into resistance.
That resistance came in the form of the 138.2% extension and the June highs between $160 and $165. This area stymied Beyond Meat’s summer rally, as shares ultimately faded lower.
On the plus side, it allowed the stock to carve out a notable low around $120.
Let’s see if we can get a close above the 138.2%