Intel is buzzing on StockTwits after posting better than expected earnings and rising 7% after hours. I’ve been accumulating INTC since posting this in April, and I’m hardly surprised by the stellar results. The semiconductor sector has been leading, and the numbers prove the market was ahead of the curve. Trading above the upper Bollinger…
StockTwits is buzzing about $AIG, but since that mess was discussed here last week, it’s time to look at another financial player, Citigroup. The last post on C is here, made on March 10th, suggesting a 120% rally in the works. C continues to enjoy the benefits of an uptrend, but after issuing a sell…
With Alcoa’s numbers out, StockTwits is tracking AA as it trades higher on a “smaller than expected loss.” Though AA technically remains in an uptrend, the 20sma is not rising, and it trades below a declining upper Bollinger. Should 8.33 fail to hold, things will get nasty for the embattled aluminum producer. According to this…
UNG trading was halted this afternoon, only to reopen lower a few minutes later, causing quite a stir on StockTwits. The hearings on commodity trading may lead to limits on speculator positions, but it isn’t a piece of trade worthy information, price is the only thing that needs to be followed. The scenario I envisioned…
Goldman Sachs is hot on StockTwits as rumors swirl around the Beast. Oil price spikes, NYSE reporting irregularities and stolen computer trading codes aside, GS has the usual conflict of interests and conspiratorial malarkey to banter about. Nevertheless, the stock has been ripping since March, and remains in an uptrend above the upper Bollinger with…
American International Group was a screaming short according to StockTwits traders like @smbcapital. Shares of AIG fell 22% after a 1-20 reverse stock split, and the chart has formed a double bottom breakdown, a distinctly bearish signal. Things look grim for the beleaguered insurer, despite the claims of CEO Ed Liddy who said AIG has…
Novavax is on StockTwits radar as the flu vaccine company signs a deal with Spain’s health ministry to license technology and build infrastructure. Trading well above the upper Bollinger in an uptrend with a rising 20sma suggests that NVAX has more upside potential if it can stay above 2.25. This market can’t seem to get…
Fuqi International (pronounced foo-chee) has caught the attention StockTwits as the Chinese jewelry company forms a bullish triangle breakout. Increasing Asian prosperity bodes well for this precious metals distributor and so growth expectations are rising. High above a rising upper Bollinger, 13.62 is the only visible support, so position accordingly. Broad market conditions continue to…
Palm continues to make multi-year highs and it’s causing plenty of StockTwits chatter. With the Pre in play, the market continues to bet PALM can give Research in Motion a run for their money and grab a few iPhone/AT&T haters. PALM is appearing on my favorite screen, along with memory manufacture magnate STEC and technical…
Monsanto chatter has been germinating on StockTwits, but stockholders sipped the Roundup as it fell 3.96% to close at 76.16. Despite the hippie outcry, the GM seed business continues to thrive, but folks have taken to eating dandelions, and aren’t spraying weeds with herbicide. The stock formed a bearish triple bottom breakdown and is trading…