Boeing is causing a stir on StockTwits as the company delays the 787 Dreamliner for a fifth time, closing the day down 6.46%. Unlike many stocks in today’s investment universe, BA has not breached the 2003 lows, which is an impressive feat. BA also remains above the 20sma, which has flattened and is beginning to…
Medarex is causing a stir on StockTwits due to a new prostate cancer treatment called Ipilimumab. MEDX has had a solid run since forming a double top breakout buy signal on April 22nd, but it has stopped at a level that served as support in June 2006. With the overall market continuing to show weakness,…
StockTwits chatter is tracking E-Trade as it continues the long descent to zero, hitting the lower trend line to form a triple bottom breakdown. Trading below a declining 20sma in a notoriously weak sector with more losses on the horizon, ETFC looks poised for bankruptcy, collapse, panic, all that good stuff. If ETFC can trade…
StockTwits chatter remains focused on Research in Motion, which fell 4.92% to close at 72.78. A break below 70.87 may encourage more selling, but trading above the upper Bolllinger in a rising trend calls for buying the dip. After doubling since March, more consolidation may be necessary, but if the broad market doesn’t weaken, RIMM…
Props to @gamfreek1989 for nailing the Patriot Coal short at $8.5o on Tuesday morning. Patriot Coal has found resistance above $10, and is now searching for buyers. After breaking the long downtrend, PCX’s reversal ends a rally that sent shares soaring 300%. Until some new X’s are formed, PCX looks like a sell, though I…
At 11:16 am, Matrixx Initiatives became the focus of StockTwits chatter. Trading was halted at 8.56 by 11:34, only to reopen at 6.30 over two hours later. The maker of Zicam nasal spray fell 70% intraday as the FDA revealed a rather unpleasant side effect, permanent olfactory damage. The Zicam products in question account for…
Interest in natural gas continues to bubble on StockTwits, but as Brian Shannon likes to say, bottoming is a process, not an event. Nevertheless, momentum appears to be reversing as the downtrend that started in July 08 begins to flatten. A low volume move below 12.87 would really flush out the remaining longs and pave…
StockTwits chatter was dominated by stocks of questionable investment value (JAZZ), so I’m taking a look at the S&P 500 ETF SPY for some perspective on the market. Despite today’s pullback, the SPY remains in an uptrend, and is trading well above the upper Bollinger. Clearly momentum has slowed since May, but so long as…
Apple dominated StockTwits chatter as they kicked off the 2009 World Wide Developers Conference with new products and upgrades. Snow Leopard promises to be a faster and leaner OS, the iPhone has finally received a virtual landscape keyboard, and the new MacBook Pro starts at $1199. Sweet. Looking back, this last post indicates that I…
Palomar Medical Technologies is buzzing on StockTwits as it rose 60% intraday. According to Reuters, the FDA approved an anti-winkle laser for folks who want to stay at home to glow. PMTI’s strength is impressive as it holds above 2008’s resistance and trades beyond the upper Bollinger with a rising 20sma. The huge volume is…