If you’re not using Twitter, StockTwits, LinkedIn and other social media when you invest, you could be making a mistake that could deprive you of potential profits. One big catalyst that came in 2013 was the SEC [Securities and Exchange Commission] began allowing companies to use Facebook and Twitter to communicate information to investors. And they have been using social media as a way of releasing earnings information and significant corporate news.
Oclaro, Inc. (NASDAQ:OCLR) has been in a clear uptrend since early July, supported by the rising 100-day EMA. On Friday, it had a nice move on the upside, closing above all major EMAs on heavy volume. Considering the strong momentum over the past week, I think that the 10 dollars range will be tested in coming sessions. (more…)