|Bid||6.18 x 800|
|Ask||6.19 x 800|
|Day's Range||6.06 - 6.28|
|52 Week Range||3.06 - 9.09|
|Beta (5Y Monthly)||0.56|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Nov 04, 2015|
|1y Target Est||N/A|
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Arix Bioscience, the biotechnology investor backed by restaurant tycoon Richard Caring and biotech entrepreneur Sir Christopher Evans, has been forced to halt two board appointments after its largest shareholder called for a total overhaul in a scathing letter. Mayfair-based Arix has had to pause the planned hire of two directors due to join the business this month after Acacia Research, an American investor advised by Neil Woodford, said in a damning public letter that the firm faced “seemingly uncontrollable board tumult” and was being led by a “woefully inadequate investment group” after 18 director departures in five years. In response, Arix said it had an experienced board and was already building its investment team in the UK and the US. Fallen fund manager Mr Woodford is not advising Acacia on this saga, people familiar with the matter said. Arix was due to welcome Dr Axel Wieandt, a former Morgan Stanley and Deutsche Bank banker, on to the board alongside biotech expert James Noble. However it has told investors that while the pair remain “highly qualified” the appointments are on hold while it reviews parts of the business including “the question of board composition”.
On Friday we got a jobs report that added a little extra spice to the market, as growth stocks remain volatile. That said, let’s look at a few top stock trades for next week. Top Stock Trades for Monday No. 1: Costco (COST) Click to EnlargeSource: Chart courtesy of TrendSpider Costco (NASDAQ:COST) has been trending lower for months now, but really began cascading lower over the last few weeks. It’s lower on Friday after disappointing earnings. However, it’s catching a bid off the lows and rallying hard. It may be time to dip a toe in the water, especially if Costco can reclaim the 21-week moving average. Reversing higher on earnings would be very encouraging.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Not including Friday, Costco is down in 10 of the last 11 sessions. It closed slightly lower today, but the action is constructive as COST stock searches for a temporary bottom. 9 Cheap Stocks That Look Like a Bargain Back over $325, and perhaps a rebound up to the 21-week moving average is possible. On a break of Friday’s low, $300 could be in play. Top Stock Trades for Monday No. 2: The Trade Desk (TTD) Click to EnlargeSource: Chart courtesy of TrendSpider The Trade Desk (NASDAQ:TTD) is interesting, awesome and concerning all at once. It’s an awesome company with stellar growth, concerning because of its high valuation and interesting after a big pullback. Shares exploded higher in 2020 before topping out near $973. At Friday’s low, shares were down 12%. We finally got that gap fill at $664 and the tag of the 200-day moving average, albeit TTD stock came in even harder than that. The stock ultimately bounced off the 50-week moving average and reversed hard. From here, let’s see if TTD stock can reclaim the gap-fill level ($664) and push back toward $750, then some of the major moving averages. Below the 200-day puts the 50-week moving average back in play, and below Friday’s low could put $520 on the table. Top Stock Trades for Monday No. 3: Smith and Wesson (SWBI) Click to EnlargeSource: Chart courtesy of TrendSpider Smith and Wesson (NASDAQ:SWBI) is wavering a bit after earnings, but it’s not breaking down necessarily. Shares are below all of the major moving averages, but range support near $14.50 is holding firm, with SWBI stock giving us a nice bounce off the lows on the day. The setup is simple: the stock needs to hold $14.50 and eventually reclaim the 200-day moving average. 5 Companies You May Not Know Accept Crypto Payments If it can do that, see if it can push through $17.50 and test the 50-day moving average. Above that puts the 61.8% retracement in play. Top Trades for Monday No. 4: Acacia Research (ACTG) Click to EnlargeSource: Chart courtesy of TrendSpider Not often covered, Acacia Research (NASDAQ:ACTG) has been on my radar on the latest dip. Shares pulled back into the $6 area and continue to hold the 50-day and 10-week moving averages. If it can hold the low (at $5.86), perhaps we’ll have seen the lows for now. That said, let’s look for a rebound back over $7 before we start talking about upside targets. Priority No. 1 is seeing support hold and so far it’s working. Top Trades for Monday No. 5: Gap (GPS) Click to EnlargeSource: Chart courtesy of TrendSpider I zoomed out a bit for Gap (NYSE:GPS), using the weekly chart to capture a multi-year look. Shares are green after reporting earnings on Thursday evening, as the stock works on its fifth straight weekly gain. While it took briefly out the 2020 high, it’s struggling with it near $27. Now we have a reference point. Over $27, and the 2021 high is in play, at $28.39. Above that and $30.50 is on the table. On the downside, I want to see support come into play at the 50-month and 200-week moving averages as well as on a backtest of prior downtrend resistance (blue line). Below that, and $20 is in play. On the date of publication, Bret Kenwell held a long position in TTD and ACTG. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG It doesn’t matter if you have $500 in savings or $5 million. Do this now. Top Stock Picker Reveals His Next Potential 500% Winner Stock Prodigy Who Found NIO at $2… Says Buy THIS Now The post 5 Top Stock Trades for Monday: COST, TTD, SWBI, ATCG, GPS appeared first on InvestorPlace.