iBankCoin
Joined Jan 27, 2008
6,863 Blog Posts

Twitter Brings Back Focus To Periscope

Searching all morning for news on $TWTR, I found this gem. Soon Twitter will start paying users to attract hearts to their channel. This is a big push to compete with the likes of Google’s YouTube & Snapchat. Here are the details:

SAN FRANCISCO (Reuters) – Twitter Inc (N:TWTR) plans on Wednesday to launch a system for people to earn money by streaming live on its Periscope service, a first for Twitter and a way for the company to try to compete with YouTube and others in the search for internet talent.

People watching Periscope will be able to send performers and broadcasters they like a gratuity using a variety of heart shapes that are, in effect, a virtual currency they can purchase, the company said.

Broadcasters who receive the equivalent of about $175 in “super hearts” will be designated “super broadcasters” and be able to cash out the money as earnings, the company said. READ MORE

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Stock Spotlight: $CELG

$CELG is pushing higher to the tune of 3.5% on positive interim results from a late stage study. There is no need to dive into the details of the study, because the only thing that matters to me is this huge breakout we see on the weekly chart:

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With the entire biotech industry breaking higher, this one has a good shot to continue a move back to previous highs around $140. Seasonally, July has been a great month to own $CELG. Here is the seasonality data I pulled from Exodus:

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Look to buy dips here…

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Tickers To Watch: $VRX, $CARA, $EXEL

As I mentioned in my previous post, biotech continues to lead the way for momentum traders. From today’s runner screen inside Exodus, here are three tickers worth watch here.

The first is $VRX, a name I currently own. The stock is breaking above last week’s high and a perfect candidate to squeeze this week as we trade through resistance:

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CARA is a popular name on Stocktwits, and a chart I like right here, right now. I would like to see the stock hold the highs of the day and close strong for me to hold into into the following day. Sweet setup here if it can:

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EXEL another trending name on Stocktwits, up a cool 9% today. $24.85 is the recent high here, a move above $25 can shoot this one into the stratosphere:

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For those interested in today’s full runner screen, CLICK HERE.

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Early Morning Technical Breakout For Twitter

Twitter is up over 5% with basically no new news flow coming out today. If we zoom into a 30 minute, shorter timeframe chart, you will notice a pretty significant break in prices on above average volume:

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If we view the 9 month daily chart, you can see how powerful today’s move is pushing the stock right through the 50, 200, & 20 day moving average:

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Maybe people like the upgraded look to the platform, maybe people are just happy to see upgrades, or maybe we just have a technical breakout with a little FOMO taking place.

Whatever the case is $TWTR is now up 6.09% on the day.

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Best Week Of The Year For Biotech Stocks

Biotech stocks are leading once again, and having their best week of 2017, up 7.3% as an industry. Right out the gate $XBI & $IBB are leading, both up 2% to start the day.

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Here’s your morning sector breakdown showing Healthcare, Tech, & services in play today:

I’ll be back in a minute with some runners to watch for the upcoming day. Biotech continues to be where the action is….

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Uber Adds Tip Option; Succumbs To Lyft

Uber announces an option to “tip” to compete with rival Lyft for drivers. Riders will also be charged by the minute if they keep an Uber car waiting for more than two minutes, another incentive for the drivers. Here’s the latest:

SAN FRANCISCO — Uber is enabling passengers to tip its U.S. drivers with a tap on its ride-hailing app for the first time, part of a push to recast itself as a company with a conscience and a heart.

The tipping option, long available in the app of Uber rival Lyft, will be available beginning Tuesday in three cities — Seattle, Houston and Minneapolis. Uber plans to make it a staple in its app in all U.S. cities by the end of July. The other features will roll out in August.

The attempt to smooth over its sometimes testy relationship with drivers is part of a broader effort to reverse the damage done to Uber’s reputation by revelations of sexual harassment in its offices, allegations of trade secrets theft and an investigation into its efforts to mislead government regulators.

 

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