Twitter Finds Support In A Familiar Area

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Twitter Inc TWTR shares are trading lower by $0.47 at $22.67 in Monday's session. It has been unable to show any follow-through on Thursday's rally of $0.91.

Instead, it sank with the broad market off the open until it found support at $22.11 and began to rebound. That marks the fifth time in the last nine trading sessions (including today) it has bottomed just above or below the $22 area. In fact, in its last four sessions it has bottomed between $22.11 and $22.31.

The all-time low for the issue stands at its Flash Crash-low of $21.01.

Posted In: TechnicalsIntraday UpdateMoversTrading IdeasPremarket outlook
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