Market Overview

Twitter Revisiting Former Major Resistance Level

Related TWTR
Twitter Woes To Continue?
Twitter's Live Events Unlikely To Contribute Significantly To Q3 Results
Fixing Twitter (Seeking Alpha)

Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.

Twitter Inc (NYSE: TWTR) shares are trading lower by $1.65 at $50.38 in Friday's session. Since clearing the key $50 resistance level on April 6, it quickly added another $3 before putting in a pair of highs just under the $53.50 level on April 7 ($53.28) and April 8 ($53.49).

Since that day, it has traded in a narrow trading range from $50.68 to $52.99, before breaching the lower end of the range in today's session, reaching $50.32. That marks the lowest level for the issue since it bottomed on April 6 ($49.87).

It has not closed under $50 since March 30, when it ended the session at $49.89.

Posted-In: Pre-market outlookTechnicals Intraday Update Movers Trading Ideas


Related Articles (TWTR)

View Comments and Join the Discussion!