Twitter (NYSE:TWTR) will report earnings on today before the open, as the stock
has been trading in a very tight range for the month. For now, it’s holding
above the 20-day and 50-day moving averages and just below stiff resistance at
On earnings, look for a close over $36 to signal a potential
breakout to higher prices. On a pullback, see that uptrend support holds. If it
does, the more quickly it can reclaim the 20-day and 50-day moving averages,
If uptrend support doesn’t hold, $30 is in the cards and possibly $28 if that doesn’t hold. Let’s not get over our skis though. We want to see how TWTR trades after earnings first.
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