Case Study #4
""Technical Trading Event""
Fiat Chrysler Automobile N.V.
News Event
January 18, 2017 at 2:43:50 pm (EST) — Fiat Chrysler was trading normal most of the day. Suddenly, price jumped on over one million shares.
Market Alert
NewsHedge alerted its clients to the unusual trading event at 2:44:11 pm (EST) as shares rose from $9.56 to $9.87.
Social Context
As this technical trading event happened, Wall Street instantaneously took to Twitter to share information. According to Metricle’s quantitative Twitter data, Twitter posts for Fiat Chrysler produced a positive “buy” signal—as visually seen below.
Alpha Generation
Over the next several trading sessions, our quantitative data continued to produce a positive “buy” signal—giving our clients even more conviction to remain long, or to add to their long position.
Systematic Trading Data
To review systematic trading data associated with this case study, or to inquire about backtesting our data, contact us at sales@newshedge.com.
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