Stock breaking out to new highs are leading the most bullish stocks on Twitter list. This is happening in the face of a general market down turn which is a positive sign for the market going forward. Stocks like Facebook (FB), Salesforce (CRM), 3D Systems (DDD), Netflix (NFLX), LinkedIn (LNKD),and Zale (ZLC) are being pushed higher and indicates a lack of fear about a more serious decline ahead. Below are charts with the bullish intensity scores for the most bullish stocks on Twitter for the week and month ending 9/3/13.
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.
Below are charts of the bullish intensity scores for the most bullish stocks on Twitter for the week and month ending 8/20/13.
Below are charts of the intensity scores for the most bullish stocks on Twitter over the past week and month.