FB, NFLX, TWTR - momo stocks catch a bid

Whilst the broader US equity market saw moderate declines, there was distinct strength in many of the momo stocks. Facebook (FB), Netflix (NFLX), and Twitter (TWTR) settled higher by a significant 1.0%, 3.1%, and 6.2% respectively. Near term outlook into April earnings is bullish for all three.


FB, daily

NFLX, daily

TWTR, daily

Summary

Suffice to say, all three look bullish into next earning season.

Of the three listed, TWTR looks the most bullish, with a decisive close above the $50 threshold. Next upside target is around $55, but the $60s look viable if Mr Market is inspired by Q1 earnings.
-

*I very rarely meddle in the momo stocks (my last trade in them was last earnings for TWTR... on the long side).. generally though.. they are merely useful to keep an eye on.. to help in determining the broader market sentiment.