Priceline.com has been a winner since breaking past 119 on July 20th, subsequently rising 25% in less than a month. As a stock making new highs with a large percentage of the stock short, the squeeze has been a thing of beauty as PCLN flies past 2008 levels. Trading in an uptrend above a rising…
Freddie Mac is hot on StockTwits as the government sponsored mortgage giant surged over 125% after reporting a profit. As I mentioned here, try to ignore public perception, financial companies related to mortgage securitization are prospering; look at AIG and Fannie Mae. Breaking to multi-month highs with strong volume, FRE is trading in an uptrend…
The NASDAQ McClellan Oscillator, a short term breadth indicator, began a downtrend on Wed. Whether this turns into a sustained move lower remains to be seen, but it is an early warning sign that you should be aware of. To my dismay, I was stopped out of one of my favorite leading stocks, STEC. Weakness…
American International Group was hot on StockTwits as the insurer opened below $14 and closed at $22, a remarkable daytrade indeed. Whatever voodoo catalyzed the squeeze remains to be seen, though my sources tell me it involved monkey flatulence and Franz Geithner. Though AIG is in a primary downtrend, the secondary trend is above the…
The S&P 500 Bullidex formed a new high as it rose 4.05% to close at 308, indicating an increase in the number of rising stocks relative to volatility. Although the S&P 500 has yet to trade above the September 2008 level, the Bullidex shows internal strength comparable to May 2008. With volatility making lows and…
Research In Motion is getting attention on StockTwits as many technicians are seeing breakouts. On June 19th RIMM was trading at 72.78 when I posted this, “a break below 70.87 may encourage more selling, but trading above the upper Bolllinger in a rising trend calls for buying the dip.” Looks like things have played out…
I posted a tweet about Whole Foods awhile ago, suggesting it was a strong candidate for technical reasons with a solid brand name to boot. @NoDoji agreed, and today that cat tweeted a call to load up on WFMI before earnings. Much of WFMI stock has been sold short, so Tuesday’s earnings report may precipitate…
Bank of America is the hottest ticker on StockTwits as the SEC charges the bank with fraud, only to negotiate a $33 million settlement MINUTES later. This may be the fastest resolution to financial impropriety I’ve ever seen, and it makes me wonder: how can I get paid $33 million to ignore $5.8 billion in…
First Solar is lighting up StockTwits as the alternative energy giant’s earnings report creates an after hours roller coaster. For a great play by play, catch the breakdown at SMB Capital to see how the trade looked after numbers were announced. Despite the reversal down after the close, FSLR remains in an uptrend above a…
Yahoo! is buzzing on StockTwits as the Internet information provider announces a deal with Microsoft. The Street seems unimpressed with the “news” as YHOO sells off 11%, breaching the primary uptrend with a secondary downtrend (new O column) Although it remains above a rising 20sma, it no longer enjoys the advantage of trading beyond an…