Social media stock is blowing Facebook and Twitter out of the water, could head higher on earnings
August 10, 2018 at 08:50 AM EDT
Shares of Momo, a Chinese social networking platform, are on fire. The stock has soared 70 percent this year, far outpacing its U.S.-based counterparts Facebook and Twitter, up 4 and 33 percent, respectively, in the same time period. One technical trader is betting on more gains when the company reports earnings later this month.