4 top stock trades for Wednesday: AVGO, AMD, ARKK, ZTS

Broadcom stock burst higher in December on better-than-expected earnings, then chugged its way up to new all-time highs. Finally we got a pullback and tag of the 10-day, which the stock energetically reacted to on Tuesday.

From here, I would love to see the stock push into the $675 to $677 area, putting new highs in play if it can clear this zone. Ultimately, $700 to $710 could be in play.

On the downside, however, a break of Tuesday's low at $657.23 could put the $645 level in play, along with the 21-day moving average.

From here, I have my eye on the 10-week moving average, currently near $139.50. If the stock can't hold this measure, the $130 to $135 area isn't out of the realm of possibility.

On the upside, though, bulls need to see the stock reclaim the 21-day and 50-day moving averages and last week's low at $143.55. If it can do that, perhaps it can work its way back up toward the $150 area.

While ARKK was putting in a few higher lows, it was also putting in a series of lower highs, while struggling with its short-term moving averages. Now it's below both the 10-day and the 21-day moving averages and potentially gearing up for a test of the low near $89.

A break of this level — and preferably a gap below it — on bullish divergence (via the RSI reading at the bottom of the chart) would give bulls an opportunity for a reversal if ARKK can then reclaim $89.

Otherwise, there may be one last flush left in this one. If that's the case, the $175 level could be in play, along with the 200-week moving average.

Shares have shed more than 10% of their value in just four sessions on seemingly no meaningful news.

That sent ZTS right through the 10-day and 21-day moving averages. Now trying to firm up on the 50-day, I think there's a bounce play at hand here.

On the downside, I want to see Zoetis hold last month's low, near $219. On the upside, let's see if it can reclaim $230 and test into the 21-day moving average. Above the 10-day and 21-day could put $240-plus on deck.