Another robust trading session has S & P 500 threatened to run higher, especially if the index can be above this ~ 2800 level. That said, there were some big movers in both directions today, so let's take a look at our best stock markets ahead.
Top stock markets for morning # 1: Aurora Cannabis
Stocks on Aurora Cannabis (NYSE: ACB ) flying higher Wednesday, up almost 13% after it was announced that Nelson Peltz would be the firm's advisor. It pushed the stocks over resistance close to $ 8.
This mark had kept a cover on the ACB for the past five months, and since it gives way, there are many potential upside. Don't forget, in October, ACB traded north for $ 10 while the 52-week high was $ 12.52.
Under $ 8 and there is cause for concern among bulls.
Top Stock Trades for Tomorrow # 2: Roku
In this article, you can no longer name this under 21-day moving average or upfront support. The opposite direction we have Roku (NASDAQ: ROKU ). This stud is still up to 100% so far this year, but a couple of downgrades on Wednesday morning knocked it down by $ 10 per share. Sheesh!
This obviously does not change Roku's basic outlook, but it is likely to fall into surplus receivers who have long held this stock for their post-revenue period. Now I have to see the uptrend support team and I want to see Roku create close to 21-day moving average.
If that's the case, bulls can have a case to be long, but it wouldn't hurt for Roku stock to digest some of this big move. A test of this $ 58 area will allow ROKU to reset about 50% of the current revenue rate. It is also worth pointing out that the Roku share, at its lowest on Wednesday, sat down at the 61.8% Fibonacci retracement from its service area. See if it keeps Wednesday's low and recovers 21-day.
Top stock markets for morning # 3: Rite Aid
] What have we always said here at InvestorPlace? Do. Not. Invest. I. Rite Aid (NYSE: RAD )!
There is a reason why this name is volatile and circulates the drain. Long or short can get both investors damaged, and that is why there has been no touch for me for a long time. Note on the chart that the shares could not even come back over $ 1 in January.
Any delisting is likely, and even today, RAD could not keep its winnings. I expect this to take out 65 cents, and if it does, it will probably go below 52 weeks low at 60 cents.
Top stock markets for Tomorrow # 4: Express
 Another warrior, investors had a warning in Express (NYSE: EXPR ) before Wednesday's 10.5% after earnings fall.
Notice the purple arrows on the chart. Arrow # 1 told investors that support close to $ 5.08 was no longer in play. Arrow # 2 showed that retest of support failed, just before earnings. Although it had almost no repayment of support, the pre-earnings collapse was a warning enough with a name like this.
Now under- $ 5 and I find little reason to stick to EXPR. Expect rallies to be met with sellers until the tide changes.
Top stock markets for morning # 5: PayPal
After $ 100, PayPal (NASDAQ: PYPL ) the stock withdraws. Obviously, the momentum is bullish in PYPL, making it a solid buy-the-dip candidate.
It is quite possible that we get more up, follow through over $ 100 on Thursday. Especially given that shares are not yet overbought. However, I would be looking for a possible withdrawal in upfront support and 21-day moving averages. If we get it, bulls have a big risk / reward setup.
Bret Kenwell is the director and author of Future Blue Chips and is on Twitter @BretKenwell . From this letter, Bret Kenwell has long been ROKU.