Twitter Revisits Major Support At $25

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Twitter IncTWTR
shares are trading lower by $0.60 at $25.16 in Monday's session. Earlier in the session, market chatter of activist involvement had the issue in the green, but as nothing has materialized the issue has been drifting lower. The issue approached a major support level at the $25 area. At that level, it put in a pairs of $25.02 last week. In addition, it put in a quad of lows from November 13-18 in between $24.90 and $25.16. The $24.90 represents its lowest level since it did not impress the Street with its Q3 report.
Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.
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