inthemoneystock
Contributing Member
Cash: $ 7.50
Posts: 27
Joined: 12 Jan 2011
Location: New York City, New York
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| TWTR Near Breakout: 20 Percent Move Coming! |
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Twitter Inc (NYSE:TWTR) is again attempting to close above the key gap window created on April 27th, 2016. This level is a technical point on the chart that is resistance. Remember, when resistance is broken, a breakout occurs. Momentum buyers jump in and a stock can surge dramatically. Ultimately, a breakout can take the stock from $15.30 to $17.75.
Remember, $TWTR MUST close the day above the gap window of $15.30 to be considered a technical breakout. This is extremely important as the stock can trade above that level intra day with no importance.
Gareth Soloway
InTheMoneyStocks
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