Twitter Inc. Testing Major Resistance Ahead Of Q3 Report

Twitter Inc. TWTR shares are trading higher by $0.50 at $31.39 in Tuesday's session. The issue has hit a brick wall at the $31.50 level ahead of the much anticipated report. Since rebounding from its all time low ($21.01) made on the day of the Flash Crash, rallies have been halted at the $31.50 area. In fact, when it peaked at $31.67 in today's session, it marked the sixth time since October 8, that it made daily highs between $31.390$31.67. Joel Elconin is the co-host of Benzinga39;s #PreMarket Prep, a daily trading idea radio show.