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5 Breakout Trades to Take From Twitter

Category : Stocks

BALTIMORE (Stockpickr) — We may be in the middle of a rally, but some stocks are seeing more of it than others. While the Nasdaq posted gains of 0.75% in yesterday’s session, the Dow barely broke even. To help separate the wheat from the chaff, we’re turning to Twitter today to find five new names worth trading.

Since its introduction, the microblogging tool has been popular among traders looking to share investment setups with the trading community. Today, with 300 million users, it’s reached a level of popularity that makes it an even more useful resource for investors looking to generate trading ideas in 140 characters or less.

Brevity has been a big part of Twitter’s success — and a reason for the service’s popularity among traders. After all, it doesn’t take more than a few seconds to blast off a tweet about your latest trade, or thoughts about a significant market move. Third-party services such as StockTwits also aggregate stock market tweets in real time, providing an interesting sentiment gauge or an instant opinion on your latest position.

Click to view a price quote on AMZN.

Click to research the Retail industry.

See original here: 5 Breakout Trades to Take From Twitter

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