Beyond Meat's stock (BYND) spiked after UBS raised its price target, and after earlier losses after the vegan meat company announced a larger net loss than expected, while cutting off some employees, with the stock nonetheless surging 21.89%, or 6.87 points, settling at 38.26, with trading volumes surpassing 12.6 million shares, above 10-day averages of 3.3 million shares. 

Therefore we expect the stock rise after leaning on the support of the 50-day SMA, with positive signals from the RSI after reaching oversold levels, hinting at positive divergence, with the dominance of the upward correctional short-term wave. 

Therefore we expect more gains for the stock, targeting the resistance of 53.47, provided the current resistance of 35.75 was reliably breached. 

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Expected trend for today: Bullish