3 top stock trades for Tuesday: F, AMC, GME

Check out today's top stock trades:

For now, the stock is stuck below the $20.50 breakout level. I want to see Ford hold above this level.

We saw a dip from the long-term 261.8% extension and for me, that's not too surprising. However, if it can hold above $20.50, I believe bulls will remain in control.

That leaves the $21.25 level in play. Above Friday's high, and the $23 level is on the table. That's the 261.8% extension of the current range.

The action in AMC stock is not too surprising. Shares were putting in a series of lower highs over the past few months. Then the $33 to $35 area failed as support, while the 200-day and 10-day moving averages turned to resistance.

Now taking out the recent low, AMC stock is testing down into the monthly VWAP measure. I wouldn't hang a two-week salary on this level holding, but if we get a bounce, see how AMC stock handles the $29 level.

If it continues lower, let's see how that former high near $20 acts. Just a few days ago I said this level could be in play, although it didn't seem like it at the time. Below that could put the 21-month and 50-month moving averages on the table.

I'm not much for tooting any horns — particularly my own — but this morning I also noted that GameStop looked vulnerable after last week's close.

Below the third-quarter high now, GME stock is looking to find its footing. If it can reclaim this level, see how it handles $159, which was the prior week's low and the breakdown point in recent trading.

If the mid-$130s doesn't act as support, the 21-month moving average may be up next near $115, followed by a potential test of $100.

Over $159, and GameStop still has its hands full, as a number of moving averages loom overhead.