- Published: 17 August 2016
- Written by verifiedInvesting
Twilio Inc (NYSE:TWLO) has major institutional distribution selling over the last two trading days. Most investors have no idea how to read this but I am here to explain it. First, notice the massive volume over the last two days. Today alone, Twilio traded over 12 million shares. The last two days have been the biggest volume the stock has seen since it IPO'ed in June 2016. The volume is coming at the all-time highs. This combination tells you there may be institutional distribution. What confirms it? Twilio over the last two days surged higher early, only to come crashing back in? This is the final signal that tells you that major institutional selling is taking place. Big smart money is selling into the average investor hype buying. Ultimately, this tells us that Twilio will collapse down, probably to $50 or lower in the coming week as soon as the small investors realize the upside is done.
By Pro-Trader
Anthony Jackson