The most active stocks on Twitter are showing the largest number of charts with bearish chart and sentiment patterns since late June and early July. 32% with bearish charts is a significant number considering the fact that the stocks tweeted the most naturally carry a bullish bias. There are also 18% with negative divergences that could turn bearish over the next several weeks unless price and sentiment moves higher. Below is a chart with the status of the 50 most active stocks on Twitter. Below that are charts with the intensity scores of of the most active stocks for the week and month ending 9/3/13.
Micron Technology (MU) and Advanced Micro Devices (AMD) are showing strong sentiment readings on Twitter and moving up on the most bullish list of stocks on Twitter. Cisco (CSCO) and Cree (CREE) are a couple of other technology stocks showing high bullish sentiment, while the rest of the list comes from a wide variety of sectors. This speaks to the broad participation of stocks during rallies this year. We’ll be watching for continued strength across many sectors for indications of a sustainable rally out of the current lows. Below are charts of the bullish intensity scores for the most bullish stocks on Twitter for the week and month ending 6/25/13.
Below are charts of the stocks with the highest bullish intensity on Twitter over the last week and month.