4 Top Stock Trades for Monday: AMD, WMT, CRM, GILD

Following a tough Thursday, equities again sold off on Friday despite a better-than-expected non-farm payrolls report. That said, let’s look at a few top stock trades for next week.

Top Stock Trades for Monday No. 1: Advanced Micro Devices (AMD)

Advanced Micro Devices (NASDAQ:AMD) shares were trying to clear $50 on Friday morning. Really, all week the stock has been trying to clear this mark. At $50, there’s also the 50-day moving average.

So, what now?

Well, it’s actually a pretty straight-forward setup. If AMD is able to clear $50, this mark becomes must-hold support for nimble bulls. It also opens up the possibility of a run to the $53 area, filling the gap-down from last month.

If AMD can’t clear and hold $50, though, investors have to be open to the possibility that shares dip down to the 100-day moving average and $41.80 level. The latter is the prior high from November, and roughly marked the low from last month’s spill. Below that, and the 200-day moving average is possible.

Top Stock Trades for Monday No. 2: Walmart (WMT)

Walmart (NYSE:WMT) shares are actually holding up pretty well. That’s particularly true given that the stock topped out in November and has had very little momentum since.

The stock finished the day Friday in the green, and is easily outperforming the S&P 500 and the Dow Jones Industrial Average. It’s also over the 200-day moving average and $113 level.

On a move below $113, however, bullish traders may consider stopping out of their position — as $107.50 to $110 could be next followed by $105. If the stock pushes higher, though, I want to see it clear its 50-day and 100-day moving averages. Above that, and downtrend resistance (blue line) is possible.

Top Stock Trades for Monday No. 3: Salesforce (CRM)

Salesforce (NYSE:CRM) was holding up to the selling pretty well, likely due to its recently better-than-expected quarterly results. Now, though, the selling is starting to get to CRM like a tree…

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