A look at Twitter Inc — Testing Key Support
Twitter Inc ($TWTR) averages are at $61.33 (21 day SMA), $57.19 (50 day SMA), $0.00 (200 day SMA). Over the past 52 weeks TWTR has traded from a low of $38.80 to a high of $74.73. TWTR was last at $50.39 on a volume of 59,765,500. Average daily volume has been at 21,911,349.
|
Twitter (TWTR) posted earnings that were actually better than consensus estimates, but also reported that their subscriber growth was slowing. The stock fell out of its prior trading range on much heavier-than-average volume and closed at $50. Despite falling more than 24% and being short-term oversold, a break of $50 could lead to even lower prices. Technical traders may want to watch this level. Any break below this key support level could present a good selling/shorting opportunity.
Twitter Inc is a global platform for public self-expression and conversation in real time. It provides a way for people to stay informed about their interests, discover what is happening in their world and interact directly.
Articles