|From: inthemoneystock (Rep: 0)||Date: 12/19/2017 18:20|
|Forum: Twitter - Msg #3253||Thread #673975069 (Rec: 0) |
|Twitter Inc (NYSE:TWTR) Hits Double Top, Likely To Pull Back|
Shares of Twitter Inc (NYSE:TWTR) slammed into the pivot high from October 2016 at $25.50. At that time, the stock was a potential buyout play. While Twitter Inc is unlikely to be bought out now, it does appear they are figuring out how to monetize the social platform. While long-term bullish, investors and traders can look to buy puts on Twitter Inc or short it flat out at this level. I expect a pull back off this $25.50 resistance back to $22.00, maybe even as low as $20.00.
NOTE: This message was originally posted on 2017-12-19 13:52:31 by the inthemoneystock.
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