The week started off on a strong note, but the market gave way to mixed signals throughout the week. While markets are mostly flat through most of Friday’s session, they are setting up as questionable going into next week. Here are our top stock trades in light of this action:
Procter & Gamble (PG)
![top stock trades for PG](https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif)
If we can get a pullback in the broader market next week, let’s see if we can get PG a little cheaper, say somewhere between $84 to $85. That will be an attractive risk-reward.
Cleveland Cliffs (CLF)
![top stock trades for CLF](https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif)
After a colorful conference call to say the least, Cleveland Cliffs (NYSE:CLF) is down about 5.5% Friday. Finding resistance near $12.50 to $13 isn’t much surprise and really as long as CLF stays over uptrend support, investors can stay long.
Back over the 50-day would make me feel better, but really so long as it’s above $10, it’s okay. Below that and a $9 stock price is in the cards for CLF stock holders.
Electronic Arts (EA)
![top stock trades for EA](https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif)
The price action in video game stocks has been uninspiring to say the least. That’s highlighted by the recent moves in Activision Blizzard (NASDAQ:ATVI), as well as Electronic Arts (NASDAQ:EA).
The company broke below 18-month support at $105 after hitting $150 just a few months ago. The one-year low near $100 may give EA a bounce, but below that and a gap-fill down to $96 is in the cards.
Bears can go short w/ a stop on a close above $105. Bulls should wait for a close above $105 before going long again.
Netflix (NFLX)
![top stock trades for NFLX](https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif)
The stock is now coming back down toward the 200-day and possible support near $320.
There should be decent support in this $310 to $320 level too. For 2018, the 50% Fibonacci retracement level sits near $310, while the 61.8% retracement from the January gap-up sits near $315.
Below these marks, and NFLX is heading for no man’s land.
Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell held no positions in any stocks mentioned.