Thinking about trading Twitter (TWTR)? Tweet this. (October 08, 2014)
TWTR
Just a quick on Twitter ( NYSE:TWTR ), buy it. The stock is just breaking out from this squeeze here. I don’t see any earnings on the horizon for this company. The last time they announced was August 11th, so add three months and that would be November 11th. This being October 8th I’d say there’s a little room for this stock to run.
The 50-day moving average is running higher here, here’s your support line right here, here’s this little, you can call it a flat triangle connecting this here, this stock is poised to move higher. How much higher? Well let’s look and see, all time high, $75.00, is it going to hit this before earnings? I don’t think so, I think this was insanity to be quite blunt, but that was then, this is now.
I would just say do this, watch the middle Bollinger Band. The stock should not be closing below the middle Bollinger Band for a while, until it starts getting higher, so just take some stock here and as long as the stock continues to walk along the upper Bollinger Band don’t get impatient and sell this, let the stock run.
Again, what are the near-term catalysts to stop this breakout from continuing? I can’t think of any, maybe you can, if so great, let me know. I think this stock is just going to move higher. I’m not a big Twitter ( NYSE:TWTR ) fan. I do tweet, hey, @DanFitzpatrick, what a shock, but I think there are some issues with the revenue models in the company. A lot of people don’t seem to think so, the stocks moving higher, I’m a buyer; hope you’re there.
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