Twitter Makes New Post-Earnings Low And Rebounds

shares were trading higher by $0.12 at $37.54 in Wednesday's session. It has not been able to recover from its lowered guidance delivered to the Street last week. In fact, dating back to one day before the report, the issue has put in place a series of six lower highs (including today), that began with its April 27 high ($52.54). Twitter shares had been attempting to form a support level to launch a rally from a the trio of lows at the $37.50 level. However, it blasted through those levels off after a meek rally off the higher open. So far, it has reached $36.52 in Wednesday's session before rebounding and coming up just short of making a new high for the day, failing at $37.60. The current low coincides with its January 30 low at $36.41.