Cashing In on the Twitter News

The talk around a Twitter initial public offering grabbed the headlines last week, but the social-media stocks in general did not respond well to the news. Shares of the thinly traded Global X Social Media Fund (SOCL) are up over 40% this year, and they did see a surge in volume last week, probably associated with the Twitter announcement and its potential inclusion in the fund.

SOCL -- Weekly Source: View Chart » View in New Window »

But the ETF did not hold those gains, and it is pulling back today, forming a dark cloud cover candle -- one that opens above previous highs and then closes in the previous mid-range. This is a bearish warning sign, reinforced by the severely overbought relative-strength indicator and money flow index, which is a volume-weighted measure of relative strength....307 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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