Price Matters To Twitter Investors

Includes: APC, C, HAL, SBUX, TWTR, V
by: Stock Traders Daily

Price matters, and according to Stock Traders Daily some of the biggest names are testing critical levels right now. Some investors think in odd ways, and it is usually the layman investor who buys a company on a whim, or because he read an article, or learned about something that makes the stock sound compelling. A good example of that is Twitter (TWTR). This is a stock that everyone loves because most people like to send or receive tweets, but sending tweets and investing in a stock are two completely different things. In the case of TWTR, price definitely mattered.

Without focusing on anything other than price, we suggested that investors sell TWTR when it was around $72, since then it has fallen by about 20%. Fox Business News criticized the call because Twitter is so popular, but popularity does not make you money in the stock market either. The only thing that makes you money is price, and the recommendation to sell TWTR was based on exactly that.

For investors who embrace the notion that price matters, Stock Traders Daily has identified the following companies as being near very important inflection levels. By rule, we like to buy near support levels, and sell or short near resistance, but if support levels begin to break we also implement risk controls. In the table below only one stock on our radar for Wednesday was breaking support.

Stocks to Watch:

Starbucks (NASDAQ:SBUX) Trading Report

Testing longer term support

Anadarko (NYSE:APC) Trading Report

Testing longer term support

Citigroup (NYSE:C) Trading Report

Testing longer term resistance

Visa (NYSE:V) Trading Report

Testing longer term resistance

Haliburton (NYSE:HAL) Trading Report

Breaking below longer term support

The stocks above were featured on Wednesday January 8, 2014. Recommendations to buy or sell depend on these ability or inability to the stocks in the table above to hold these critical inflection levels. Prices change and inflection levels also change over time, so investors should continuously monitor price as a result. Real time updates have been provided for each of these stocks and continuous updates are provided by Stock Traders Daily, but investors can monitor price using their own analysis as well.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Business relationship disclosure: Thomas Thomas H. Kee Jr. for Stock Traders Daily and neither received compensation from the publicly traded companies listed in this article for writing this article.